Yes, somewhere in that difference. Keep in mind also that the original brake master cylinder was a little wonky to begin with and if you reference the height of the pedal there is no set number.
The standard procedure to bleed the thing was that if you could put your foot under the pedal and still stop, you were ok and adjusted correctly.
Mechanics were refering to it as stomping the marshmallow.
A current replacement will give you a higher pedal and travel less to stop the car.
That reduces the contrast between the two but somewhere in the 1-1/2" to 2" difference is about right.
Makesure the bushings the shaft rides on are good. The original plastic ones would wear through and into the support wearing an oval shape into it.
If you haven't already done it, put the roller bearing "bushing" kit in it.
If you are worn there, that will also affect the static height of the pedal.