The simple answer is no, there are many fundamental differences that cannot be merged between the two systems.
For example, historical Christianity teaches that Christ existed before the Creation: "In the beginning was the Word, and the Word was with God, and the Word was God. The same was in the beginning with God. All things were made by him; and without him was not any thing made that was made. In him was life; and the life was the light of men. And the light shineth in darkness; and the darkness comprehended it not" (John 1:1-5).
Mormonism teaches that Jesus is a created being and the brother of Satan. To a Christian, this teaching is blasphemy. This is just one of the many major differences that distinguish these two belief systems.
Another difference along these lines is the Mormon teaching that humans will become gods of their own realms. This is strikingly anti-Biblical, as the very first recorded sin is that of Lucifer desiring to be like God. In the book of Genesis, this is the lie the serpent told to Eve--that she would be "like God" if she ate of that particular fruit.
The Christian teaching is that essentially no one is, or ever will be, or ever could be like God. Christianity contends that such is the entire basis of humanity's need for a Savior--that because we are not like God, we cannot be made right with him by our own efforts.
There are many other important differences, but on a very fundamental level, the two systems are incompatible.
Mormonism came about during the 1800's in a time when dozens of other sects and religious teachings developed, none of which can have any rightful claim to being historical Christianity.
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