I know that the action, in Classical Mechanics, is a functional of the path of a physical system, such that
"the path actually followed by a physical system is that for which the action is minimized, or more generally, is stationary" (Wikipedia)
and this definition can be extended to the Path Integral formulation of Quantum Mechanics and Quantum Field Theory. This is how I've always used the action: I want to find the path, I have my Lagrangian, I integrate it and minimize it, thus finding the path, not caring about the value of the minimized action.
My question is: is the value of the action at the said minimum (or stationary point) ever important? Maybe it isn't for CM, but it is for QM or QFT? Does it matter if the action is Minkowskian or Euclidean?
My doubt comes from trying to understand Coleman's Fate of the false vacuum, which uses the fact that the decay rate of the metastable vacuum $\Gamma$ is $$\Gamma\propto e^{-S_E/\hbar}\tag{2.2 and 2.18}$$ where $S_E$ is the Euclidean action: for this case, the value of the action seems to be rather important.
Addendum: my initial question was about the sign of the Euclidean action of the nucleation rate mentioned above: if the sign is "allowed to be negative", then the nucleation can go from being exponentially suppressed to exponentially favored, which I don't think is physically meaningful. Later I thought that since I've never used the value of the action at its minimum, maybe this value isn't important, and therefore neither is its sign (if, for example, I can shift a positive minimum enough to make it negative, and vice versa).