Without the spit-ball, yes, probably would. With the spit-ball, the dead ball era Spiders might be hard to beat.
Since we're discussing some Spiders trivia, some background on that team is in order. From Bill James' Historical Abstract, the owners skipped spring training, and instead worked out of a gym in Terre Haught, Indiana. Because home attendance was so bad, they embarked on the road for the last two months, finishing 20-134, with 101 losses on the road, and 1-34 after Sept 1.
From Dan Okrent's book "Ultimate Baseball", Frank and Stanley Robison, owners of the Spiders, were inspired by the Brooklyn club's example of shuttling the Orioles players to Brooklyn (owners had both teams) in order to make more money. The brothers bought the St Louis franchise and transferred Cleveland's stars westward. The poor performance of the Baltimore and Cleveland franchises led NL owners to pare the league to eight teams and abolish Loiuisville, Washington, Cleveland, and Baltimore. Louisville sent their players to Pittsburgh, including honus Wagner.