IMHO, no, maybe on a few songs, but back then there was a lot more thump, and low end in the music, so IMO the tone he plays with is a more late 90s- now sound. Remember back then, the amps were Ampeg, Acoustic, Sunn, Fender, the new kids were Peavey, not a Hi-Fi sound, heck I still own a Acoustic 370, with the 301 cabinet(don't use it). You may also want to take in account, round wound strings were a new thing in the 70s, aka Roto Sounds, most of us played with flats, and changed, as slap became the thing to do, thanks in part to Louis Johnson, and Musicman basses. MM's tone works for what he does, but for me it only works when I slap, and I was doing it when it first came out "Larry Grahm" playing a (Jazz, with flats). I don't slap as much as I did when I was younger, but it still is a crowd pleaser. As I stated before I am not knocking anyone for wanting to sound like that, but for me it would not work 24/7.
i use a late 70's jazz every weekend in a 70's r&b/funk dance group. have been for years. its sounded great for years