If you've ever participated in track and field for any length of time, you realize that the genetic component is more important for the type of events you can successfully compete in with enough practice.
Sprinters definitely have a fast twitch advantage that you can't get with any amount of training if you're not born with it. Sure, you can improve your own sprint times up to a point, but you can't really make up the gap. You just choose an event that's better suited for your body type, such as longer distance or throwing, etc. And sprinters can't compete with distance runners either.
Assuming similar amounts of training. If there's a huge difference in training, one might be able to overcome the differences. Particularly if you're more middle distance with decent speed and endurance.