No.. It's going to eat into the 110's usage though. It looks like you haven't accurately understood what it would be like. The MK103s on any minimaly maneuverable platform are probably enough on their own to make the 410 competitive.
Supposing they add the B2 model, it would have either 6x20mm, MK103x2 + BK5 (or 3.5), or a light loadout like 2x.30 and 2/4x 20mm. Add to that the partialy glass cockpit, the speed and great looks... If it handles anywhere as well as the 110, it's going to really make a mark.
Anything sitting still would be dead meat to the 410. It would even compete with the Il2.. The 103s would probably be about as lethal as its 23mm's, if not more. Hell, the 103s may have better ballistics than the 151/20s!