No...
The 388's mixer section is way beyond an M30, mainly being 8-buss (vs. 4) and 3-band sweep-EQ (vs. 2-band sweep + 1 fixed)... a pretty significant difference, leaning toward the 388.
Then, the tape drive section... is the reverse. A 38's 15 IPS, 1/2" tape drive is double the width and...