only partly, while you do have a point, it's very rare that the vocals done in the studio match the live vocals for any act these days.
This is just my opinion but that's just what I've seen/heard out there.
To be honest, I don't miss the accoustic layer when it's played live, and Bobby will probably play rythm electric guitar on the song.
On the whole I also think the song suffers also because of the background vocals, they're so high in the studio version I just don't think they match up to well live.
All in all, it's a great live tune.