Carl True of Westminster Seminary says yes.
Every year I tell my Reformation history class that Roman Catholicism is, at least in the West, the default position. Rome has a better claim to historical continuity and institutional unity than any Protestant denomination, let alone the strange hybrid that is evangelicalism; in the light of these facts, therefore, we need good, solid reasons for not being Catholic; not being a Catholic should, in other words, be a positive act of will and commitment, something we need to get out of bed determined to do every day. It would seem, however, that if Noll and Nystrom are correct, many who call themselves evangelical really lack any good reason for such an act of will; and the obvious conclusion, therefore, should be that they do the decent thing and rejoin the Roman Catholic Church. I cannot go down that path myself, primarily because of my view of justification by faith and because of my ecclesiology; but those who reject the former and lack the latter have no real basis upon which to perpetuate what is, in effect, an act of schism on their part.
In my classes I am always interested in finding out in a way that is sensitive to privacy concerns why students are or are not Roman Catholic. Almost always the choice to leave the RC church has to do with tertiary issues, almost never primary ones and rarely reasons that are more secondary. By tertiary I refer to lower level reasons such as the remoteness of the liturgy, too much money spent on building and sanctuary beautifications, etc. They almost never have to do with essential doctrines but are issues of taste and preference.
Evangelical Protestants tend to me much more informed concerning their choices, but few are able to present RC theology in its best case. They often use caricatures that do not stand up to examination. I think there are real differences but in fact most Protestants do not know what those real issues are.
I am increasingly concerned that Protestantism’s fascination with new paradigms for ministry keeps the movement in a constant shift that threatens any thing like a stable worship and ministry platform. I have been active in ministry for 5 decades and have witnessed mega-shifts in ministry models that come down one per decade. Whole denominations and entire churches retool and reshape how they do ministry. Each move means some demographic group gets left out and marginalized and programs are in such a state of flux that vision statements and implementation processes are moving targets. Each phase requires new staff, more money and different kinds of buildings.
I think that to intelligently commit to Protestant Evangelicalism requires much more intention and attention and is a gamble that one’s church and method of ministry might last for ten years at most without a shift and shakeup that threatens the entire structure. After all the change that it engenders most of the churches that chase change are left with about the same number of people they had before all the change but with more blood on the floor. It can hardly be said to be worth it.