Could the output from an indieassist on a 16mm film camera be good enough to use for vfx purposes instead of using a larger 35mm film camera?

I ask as they point of shooting on the larger format film (or even digital) cameras on 16mm productions is usually to have a higher technical quality image for vfx in a scene which would add film emulation on top to bring it back to looking like 16mm film (see something like winning time, the juggernaut music video, or even irreversible). Given that objective, would a good hd tap like an indieassist on a 416 be good in this regard?