i don't think that the distortion correction will fix these optical aberrations. it could help a little, since it does 'morph' the registered frame a little bit to get the stars to line up properly against the reference. but if the star is oval, it will probably still be mostly oval after the distortion correction. it really depends on the nature of the optical aberration - for instance, if the star's centroid is not moved from where it's supposed to be by the optical problems, then the distortion correction won't do anything.
the only way i can think of to work on the corner star shapes would be to do a motion blur deconvolution against only the corners, but PI will always apply the deconvolution to the whole image. plus the PSF angle would have to be different for each corner. you'd either have to make 4 masks that expose only the corners, or draw previews and extract the corners into their own images, deconvolve, and then put them back (i think SubstituteWithPreview can do this but not 100% sure.)
rob