Probably not. SMG2 was more... refined, more straightforward in letting you have fun with the gameplay. But, IMO, SMG1 had more enthralling levels and music. Both are great games, and they're both built around the same interesting gameplay, but they go about entertaining you in different ways. SMG2 is more action-oriented, with the thrills and the challenge coming at you fast and furious, but SMG1 isn't afraid to take its time in some places and immerse you in some pretty fascinating worlds. SMG2's concentration of fun is higher, but there were only a handful of moments where I felt compelled to take it slow and casually explore my environment, while I did so frequently in SMG1. Compared to the first game, many of 2's worlds felt almost... disposable. Fun as hell, but quickly forgotten.
Those are my thoughts about the games. They're similar, but I think they offer different types of experiences, so playing one wouldn't necessarily spoil the other.