i think if Jack was in control of Amiga it still would have fell behind the competition. Jack was all about "for the masses" which means he liked to get the computers out there as cheaply as possible. If you look at the C64 you can see a pattern. Sold a very large amount at a very low cost which meant Commodore made no profit. If Jack applied the same strategy to the Amiga it would never have made money so they wouldn't be able to do any R&D which was required at the time. Instead Jack would have preferred to use existing components off the shelf to save money. Which means no true innovation would occur. This strategy was OK for the era of the C64 but it would be a death sentence for the late 1980's and early 1990's. Commodore will still have gone bankrupt regardless of whether Jack was in charge or not.
Dunno why you think that, PET/VIC/C64 were very good on features technically AND price. The C16 was meant to be sold for $70 which would be successful. Post Jack Commodore kept the C64 up to 1992 unchanged AND ade a complete hash with C128 and Plus4.
Trouble is when he was pushed out he lost a lot of liquid cash due to buying Atari AND Atari had no equivalent of MOS Technologies either so his hands were tied.
Jack knew a 7mhz 68000 with no worthwhile A/V improvements sold to people for 7 years = massive mistake and business suicide. Jack when working in Commodore ALWAYS made sure he had something technically ahead of competitors at the low end and high end of the market.