No. Coleman Francis was an actor who made 3 extremely amateurish takes on genre films with independent financing. With the help of a decent editor (Tony Cardoza was a welder by trade but did the editing) and screenwriter, and some more directing experience, he probably would have made at least one average movie.
Ed Wood, on the other hand, could have had all the time, experience, and money in the world and would still make something worse than Battlefield Earth. And it would feature transvestites.