Perhaps, but not quite. With a smaller card pool, banning a card would have an immense impact on their respective archetypes. At least in Yugioh where the card pool is huge, players are able to find replacements for a card if it is banned. If Goyo Guardian is banned, players can run other level 6 synchros like Blue Sirius. Of course, there are some exceptions where some cards are so overpowered but pivotal that they cannot be substituted, but that’s another example of how careless Konami is when balancing cards.
When rotation limits a certain archetype, players at least have hope that the said archetype will someday be available again as new expansions are released. On the other hand, cards will only be suspended from a ban list during the process of power creep, which is something that none of us wants.