Yeah, totally. That's why Sphere Kuriboh and Sonic Bird are UR and Judge Man, which is a much crappier card than Axe Raider, is SR.
Realistically, Axe Raider's UR rarity was probably not warranted due to Twin-Barrel Dragon and Power of Dark outclassing it from the get-go, but it wasn't super out of place, either. It was definitely better than BEUD and Summoner in the beginning.
I converted this card with little hesitation. There are a plethora of other monsters with 1700 atk and level 4, some even with positive effects, and all of them have better defense. I cannot understand why this is an UR card, other than a no-sweat way for you to get a free UR stone jewel.
Same like when dunames come out on VR, everyone want that card even it was UR because of it highest attack, then after gearfried and other 1800 beater monsters start to flood the field, dunames become less popular. And I'm sure, when 1900 4 level monster come out, dunames will also be forgotten completely.
^We have Inpachi right now. Too bad, anyone hates Axe Warrior right now (memes) and I'm sure Dunames (with Inpachi) will also get the same fate as Axe Warrior in the future if we got 1900/2000 atk beaters.