To answer the question: No.
Mormonism: another good example of Reformed Apostasy. What is the criteria for reforming that which is apostate? Joseph Smith Jr. claims to have received a revelation from God. Smith is either a true prophet or a false prophet. If true, we should all be Mormon. If false, Mormonism is still apostate regardless of the origin of the leadership. It matters not how many times a religion is reformed, it is still apostasy reformed.
The same criteria can be applied to that which has become known as Catholic. Catholicism is a bizarre collection of that which is apostate from Rome: universal church and salvation by works including infant baptism, just to name a few. This is all another gospel--anathema.
Reformed Baptists have a very confused ecclesiology. They think the Church is universal. This is the basic fatal error which permeates the majority of Christendom. Jesus promised to send Another Comforter to abide, lead and direct in all Truth. He has kept His promise. Real New Testament Churches have no need of reformation.
Even so, come, Lord Jesus.
Bro. James