Yea, sort of. The "telephoto" lens will definitely be degrading the image quality because for one, you're putting a lens on top of the existing lens, too many optical elements. Two, light transmission would probably reduced, given that the aperture would be smaller than f/1.
And btw, nobody can put a binoculars in front of a DSLR to have a usable image, the lenses tend to be wider in diameter than the binoculars.