Definitely not. The tragic story of Beetlfuud explains it well:
http://www.thesteelwarrior.org/forum...ad.php?p=55107
Code:
Armored results:
Def AC Hit Miss Hit% Dmg/Hit Dmg/Atk
---- -------- ---- ---- ---- ------- -------
20 201 480 617 43.8 1.47 0.64
1..3 154..160 650 177 78.6 1.90 1.49
Naked results:
Def AC Hit Miss Hit% Dmg/Hit Dmg/Atk
---- -------- ---- ---- ---- ------- -------
20 59 296 404 42.3 3.64 1.54
0..5 10...21 387 104 78.8 4.23 3.34