It would....but I don't know how much fire you're playing with when you look at all the factors involved. He's not a big man for a power hitter, he's missed games regularly over the last 2 seasons, with injuries related to his swing. He's on the wrong side of 30, and something that has always carried a lot of weight with me is when we start looking at average career trajectories. The later and steeper the rise in productivity, the sooner and steeper the decline, typically. Bautista had a very steep rise if productivity, very late in his career...based on the research that has been done on career trajectory, his peak won't last long (in fact, it appears to already be behind him) and his decline will be fairly rapid.
If we can get younger, cheaper, but replace Bautista with something similar to what he produced last season, I don't know how you can look at the failure this team was last season and pass that up. If we're willing to be a 150 million dollar payroll club, then our window to win extends significantly if we manage some of our veteran assets properly and seek to be active in the markets looking for out of favour contracts and good bargain free agents.