Nah, the hobbits were perfect for the job because they were naturally content, the ring didn't have the same power because their ambition topped out at plans for a third breakfast but they could never find a way to fit it in before first brunch.
The pipe weed likely contributed to both.
Also Gandalf has been tracking the ring and knew that a Hobbit cousin (ancestor?) had held onto it for centuries in the past while just fucking chilling.
He had a sample size of one, but Smeagle is the real reason why Gandalf choose hobbits. He might be a methhead by the first book, but no other sentiment creature could resist for months, let alone the time it took to turn into Gollum, who still managed to live a relatively harmless life.