Nah, his skills just don't translate well to HW. No KO power, better, stronger wrestlers with KO power and better boxing at HW.
He's in the same position as before the fight: beats everyone outside the top 5, though does beat Werdum, and loses to Cain, JDS, DC (whichever weight) and Overeem.
Also, Gus didn't just smash his face because of his reach. Jones would tool Forrest, Bonnar in a rematch (since he's not green as hell anymore) and Diabate. Gus' boxing and TDD are tough for any LHW. His skills make him, not his height.