Not exactly. The line to neutral load on a dryer or range circuit is a fraction of what it is in a pure 120v circuit, compared to wire size, so the voltage drop on the neutral (rise above ground in this case) is far less. There is also the problem on a 120v circuit that if someone swapped neutral and ground along the way, you are putting 120v directly on the case of your equipment and a 3 light tester will still say "OK".