Again, I'll ask this question, although the answer is annecdotal. Does anyone have any quotation of U.S. pilots in ETO that display "cannon envy". Almost everything I've read from U.S. pilots shows utter confidence in the firepower of the Ma Deuce. Almost all pilots talk about "superior firepower" when they compare their planes to their German counterparts. As I stated in my earlier post, this may have been a perceived advantage, but it was a uniform one. I don't doubt your math/scientific approach to comparing armament, but what did the actual pilots think? There are many examples of the U.S. using equipment that was technically "inferior" but battle tested, reliable, easily manufactured, logistically sustainable (arguably most important), and inspired complete confidence in their crew/operators.
Obviously I can't make an opinion as an actual WWII fighter pilot, but in AH, I'll take my 8X.50cal over 2X20mm any day. 4X20mm, maybe, but not just 2...
And Magoo, the answer to your question is "yes".