Absolutely !
You are using geometric scaling.
All machines, more or less, use the same ideas, to get better precision, resolution, repeatability and accuracy.
The same, even better, is common and used on modern cnc machines.
The support guide blocks are relatively far away from each other.
Say 500 mm midpoint (== 1 m bed VMC, typical, 45-55 mm linear guides).
Each might have an error of say 0.005 mm max.
But the midpoint will have much less error, => 0.002 mm, especially over 4 blocks.
This is geometric averaging.
You trade size and volume for accuracy.
The longer your lever arm//error, the lesser your error at the controlled point aka cutting tip.
In practice, it gets better since mass works for You, by always preloading (bias) in the same direction.
This is one way how it is relatively easy to make more accurate components, given some time, area, money for components, and a bigger machine.
It is quite easy to make a flat 2-5x more accurate, than the guide you have.
Similar applies to everything, including screws, that need special techniques.
e. Offset cam followers made 1 micron accurate screws 50 years ago.
SIP machines and Moore jig bores were the famous ones.
At that time it was very hard, and very expensive .. due to measuring mostly.
Today, it is vastly easier.
I spent 12-14 years so far learning to make very accurate cnc screws.
You are using geometric scaling.
All machines, more or less, use the same ideas, to get better precision, resolution, repeatability and accuracy.
The same, even better, is common and used on modern cnc machines.
The support guide blocks are relatively far away from each other.
Say 500 mm midpoint (== 1 m bed VMC, typical, 45-55 mm linear guides).
Each might have an error of say 0.005 mm max.
But the midpoint will have much less error, => 0.002 mm, especially over 4 blocks.
This is geometric averaging.
You trade size and volume for accuracy.
The longer your lever arm//error, the lesser your error at the controlled point aka cutting tip.
In practice, it gets better since mass works for You, by always preloading (bias) in the same direction.
This is one way how it is relatively easy to make more accurate components, given some time, area, money for components, and a bigger machine.
It is quite easy to make a flat 2-5x more accurate, than the guide you have.
Similar applies to everything, including screws, that need special techniques.
e. Offset cam followers made 1 micron accurate screws 50 years ago.
SIP machines and Moore jig bores were the famous ones.
At that time it was very hard, and very expensive .. due to measuring mostly.
Today, it is vastly easier.
I spent 12-14 years so far learning to make very accurate cnc screws.
I am of the opinion that the cams I am grinding are accurate within close tolerances because the use of the oversized master cam being made using CAD and CNC reduces any geometrical errors during the grinding by possibly a factor of 5.
As I said I am no cam expert, maybe somebody who knows this subject better than myself can enlighten me.
Peter J.