I don't know about equally, but it is terrible. Watch a clip with the laugh track off (you can find them on YouTube) and you will realise how unfunny it is.
The funniness diminishes when you do that because that is a live audience, not a laugh track. The actors have to adjust the timing of the dialog to fit around the laughs.
When you watch without the laughs, that leaves gaps that turn into weird pauses, and can destroy the timing of a joke or funny remark. Timing is often a big component to making a joke work.