Probably not, unless you have some real "secret sauce" that lets you operate at greatly lower cost than the original. Otherwise you just create a "race to the bottom" scenario where, at best, you (and your competitor) will wind up with a profit margin of like 0.000001% or something. Why bother?
If you're going to clone something and engage the "fast follower strategy"[1], I'd still try to choose some other dimension to compete on. See The Discipline of Market Leaders[2] for more.
If you're going to clone something and engage the "fast follower strategy"[1], I'd still try to choose some other dimension to compete on. See The Discipline of Market Leaders[2] for more.
[1]: https://hbr.org/2012/06/first-mover-or-fast-follower
[2]: https://www.amazon.com/Discipline-Market-Leaders-Customers-D...