If he was more like Incineroar, then maybe. His aerials obviously aren't good, he can be camped easily, especially if there are platforms around. Most people don't want to approach Little Mac for how hard he hits, too. His recovery is alright, but still easy to gimp. I thought Little Mac's addition to Sm4sh was really cool, and early on most people thought he was really good. But his limited options is what's keeping him low tier. No matter how many buffs they give Little Mac, I don't believe he'll ever be good, because making a character hit harder doesn't make a character better.
Again, if he was more like Incineroar, where he's got good aerial attacks, combos, even if not much, and a recovery that sends him further upward, then maybe Little Mac could be better. Perhaps not by much, but still better. That's the route Sakurai should take Little Mac. Not make him an echo fighter, but actually revamp his aerial options, and get rid of the super armor smash attacks. KO Punch would probably be toned down if this happened, but still possible to kill within the double digits depending on characters weights.