The reverse is certainly true: a poor recording can turn even a good performance into a bad listening experience.
The 'direct' way, possibly. Some performances are so bad that even being there in person, in a good seat, is no redeeming feature; quite the opposite. A 'competent but pedestrian' performance can turn into (at least) an interesting recording and musical experience - particularly for orchestral performances, even if the overall performance is so-so, individual players/singers may still shine in a good recording.
Just my 2 cents.