No, it is not, and this is why you're having a hard time understanding the purpose of this project, because you've decided that male gaze means something it doesn't, and are arguing from that perspective.
> In modern contexts, it's clear criticism of "the gaze" is criticism of the objectification of women. It's argued that it's "harmful" in art, as it represents objectification of women.
Again, no. The male gaze is a specific term that refers to how women are portrayed in visual media.
Let's also keep in mind your example of the Sex Live of College Girls is 2 years old. The art used by this project is much much older. These time periods are not comparable.