Absolutely not.
Transfer rates and burst rates are marketed a lot by the harddrive companies and many people see that one drive has a higher burst rate and then assumes it is the fastest drive.
Burst and transfer rates have little to do with the real world feel of quickness and response of a harddrive/system and what the OP is really looking for - something with "quickness" of ram.
High Transfer rates are great for large files - say doing a lot of video editing and such. (speed of moving large amounts of data - top end speed is a way to look at it)
Random Access, Seek times and latency are great for a quick response to what you want it to do - say general use, multitasking, gaming (quickness - acceleration is a way to look at it)
So for something that will give you a feel of "RAM" - you want to look at the seek, access, read/write times, etc.
SSD is best at that, however other than certain SSD disks you do not want to go that route,... read this article to understand why
http://www.anandtech.com/cpuch...el/showdoc.aspx?i=3403
Next best is the velociraptors which have a very low random access off the top of my head in the 8ms range with seek times in the 4ms range, the wd6400 drive has something like a 12ms range in random access and 8 ms in seek,... (I might be a bit off since I don't want to go research the exact numbers.)
If you raid these drives, then the random access and seek times go down even further,... I want to say that the velociraptor in raid will give you mid 2ms range for seek,...
A millisecond may not seem like much, but when you want a "ram like" response,... those are the numbers you really want to look at.
Edited for spelling since I cannot type today