Comparing it to my Master’s which has even less faculty involvement I doubt it. Watching videos and reading the textbook leads to the feeling you know something. Doing projects and preparing for exams, that leads to genuine learning. You learn far more working through past exam papers or doing all the questions in the textbook than you possibly could by trying to absorb information passively.
You would not get any of the class interaction, you would not get any of the projects, and you would not get any of the feedback from the projects. You would miss a ton of knowledge by missing those.
Also, the slack community makes the entire program -- you really learn a lot watching the people who know the material help people out through the projects.