It's on a run of 28-4, so definitely. If I compare the 3 other recognized ATG teams - Bradman's 1948 team, Lloyd's WIN team of early 1980s & Waugh/Ponting's AUS of early 2000s - I don't think any of them had such dominance over a prolonged period - I am not sure how many teams have ever reached 136 ranking points either. It's non stop barrage, almost frightening, I am sure players will be scared to look at PAK players eye ball to eye ball.
There are few small gaps in this team definitely, but that was the case for every such legendary teams, like Lloyd's team didn't have a proper spinner (neither all-rounder, Marshall was a bowler how could bat a bit, while Viv was opposite - this team has Hafeez, Malik for that role while Imad, Shadab are proper all-rounders while Fahim is potential proper all-rounder), Waugh/Ponting's team didn't have an all-rounder of note, Bradman's team also missing a spinner (Bill O'reily retired after 1946 Ashes).
Even, if I look at other sports, that MJ's Chicago Bulls had only 72-10 record, Pep's Man City or Barca could manage only 100 points out of 114 in offer; Wenger's Arsenal went unbeaten in 2002, but didn't win the CL, that All-Black generation failed to win 2 WC finals in their prime, even Federar or Serena couldn't win the Grand Slam, neither Tiger ...........
So, why not and team's such status should put Sarfraz along with the 4 other illustrious cricket names I mentioned here - Donald G Bradman, Clive H Lloyd, Steven R Waugh, Ricky T Ponting, Sarfraz Ahmed.