Not really. WDW FP+ does not include photos like MP does. So you have to pay for those at WDW. As much as $200 for MemoryMaker.
And if you count your time as worth anything, FP+ takes time ahead of your trip. MP takes zero time ahead of your trip. On Dec 31 a week ago I was up at
5AM to make my FP+ reservations for WDW in early March (a short 3 day trip). Plus I have a lot of sunk time in learning the FP+ system over the last few years whereas MP is much more straightforward to anyone who knows the legacy paper FP system.