Realistic-wise? Yes. Gameplay(Balance)-wise? No.
Let's not turn this into another 2h vs polearm thread. This is an universal issue to all melee classes.
How does it help balance wise? A long pointy stick being used as a long pointy stick to stab someone shouldn't be punished...it's what it was designed to do...2h's already can dominate 1v1, and I don't think it has to do with the stab length out reaching a lot of the longer spears and lances.
I hate how the devs try to balance everything instead of leaving the natural strength's and weaknesses of weapons and equipment. Long pointy sticks should out reach other weapons. Ranged should be used to hit people from a distance. Cavarly should be able to run over people who don't have long pointy sticks. Tin cans should be able to withstand most cutting weapons. The way they try to balance this game reminds me of the book Harrison Bergeron... But I digress, that's for another thread.