Not at all. Lea Michele's debut is unfortunately kind of weak, which has nothing to do with her outstanding vocal ability. Good singers can make bad music just as easily as bad singers can make good music, it's just about knowing how to use the talent you have.
I mean take Lea Michele as an example. GREAT voice, but the material they gave her for the debut record is just good at best. The record turned out good just because her vocal skills are amazing and she can put emotion into it.
But yeah, vocal talent doesn't guarantee great music.