To put it simply, no. Paul McGann is wonderful as the Doctor but the absolute butchering of the character of the Master is just awful.
It’s worth checking out for completionist’s sake but go in with very low expectations.
Worse than turning him into a woman? 😉
At least it gave Sylvester McCoy a chance to bookend his tenure as the 7th Doctor. Wish he had been in more of the movie though.