Yes, if the enable is not activated, then the project should be accessible in PT9.4.
One way to confirm that a project is accessible in earlier versions is to open the settings.xml file found in the project folder (c:\my paratext 9 projects\abc\settings.xml). You can open the file in Notepad and look for a line that says: <MinParatextVersion>8.0.100.76</MinParatextVersion>
DO NOT EDIT the file.
Projects that have had whitespace enabled will have a 9.5... as the minimum value.