Not necessarily. At some level you run the risk of not being able to get through college at all. Accreditation requires courses to be conducted at a certain level. In fact as I understand it the correlation to success in college is how the standardized test companies originally sold themselves. My college math advisor was a consultant for one of those companies.
Now, I hope California has included community colleges and trade schools in this program, where some of those students might stand a better chance.
Also, the stuff tested by the tests is pretty remedial to begin with.
The common belief among all Harrison Bergeron referencers is that resources should be concentrated on those who need them the least, because those are the people who have shown merit.