Quick answer is no.
With that said there have been a lot of great points brought up about various pellet foods, personal cultures that should be explored as well.
I have a few viewpoints on it. First being that fish in the wild are subject to instant death on a daily basis based off the natural cycle of things. If you're higher in the food chain you eat "live food" and if you're not then you are likely food. Of course we aren't in nature, we're containing these fish to a relatively small space thus giving the predators a better shot at the kill. Now I only feed my fish frozen foods on a treat basis and keep their diets based off of pellets, veggies, flakes, etc. depending on the species. I don't think your classic feeder fish are the best way to feed your fish live food. Just look at the tanks that they are stocked in and make your decision from there. Now if you are breeding for feeder fish at least you are controlling the environment.
AnyWays just a short rant but I think the different views from other posters should help make an informed decision.