No. The goal of this mod was to keep the ratio of damage to hp the same at each level, but make the difference in numbers between levels not as great.

Using your numbers.
Before Mod:
Lvl 1 weapon against Lvl 30 health: 6,858 attacks to kill.

After Mod:
Lvl 1 weapon against Lvl 30 health: 146 attacks to kill.