Yes -- you'll want to look at the 3rd digit (last number of year the phone was made, 2007 would be 7, 2008 would be 8, 2011 would be 1, etc.) and then the 4th and 5th digit. If your 3rd is 1 and your 4th, and 5th are 35 or higher, the iPad baseband will brick your phone, but it would be pretty difficult to have a used phone at this point that was made newer than the middle of last year. The reason you want to be specific about this is that there is a hardware change that happened in the middle of 2011, and any phones made more recently than the 35th week will 'accept' the ipad baseband, but it will blank IMEI and MAC, unrecoverably.
Beyond that, I don't recommend using the s/n method to determine your bootrom -- there are easier ways to do this now (as I recall f0recast can do that properly now though a lot of its other information is suspect), and using the s/n if you're on the fringe can lead you to thinking you have an old if you have a new and vice versa. It's worth finding out properly first before doing anything, but the odds are you have a new bootrom phone that's old enough to handle the iPad baseband. Old bootrom phones are in extremely short supply these days, but you definitely want to know for sure.
Here are a few methods for finding out:
http://www.hackint0sh.org/f136/16285.htm http://www.iclarified.com/entry/index.php?enid=3570 How To Check if Your iPhone is Tethered, Unlockable and BootLoader Version with F0recast
Some are easier than others, but all should be accurate.
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