Absolutely! 16mm prints are usually projected on walls or bedsheets outdoors so it's not as if we're in the wrong territory. I still can't quite explain it, but these just have that spark to them that really get me involved in the films again. Almost as if you've found such a rarity and are screening it for yourself.
Of course this comes from the same person whose best viewing of Psycho came from an open matte 16mm reduction projected onto a theater's outside wall.