If you want to use the tilt to throw things out of focus, then yes. If you want to use it to bring things into focus (using the Scheimpflug principle), then the Lensbaby optics are not what you want.

All of Lensbaby's optics are designed for special photographic effects rather than straight photography, displaying at least one "major flaw" (spherical aberration over at least part of the lens, field curvature, vignetting, etc.) in order to achieve the desired effect. While their more expensive mount and optics are made of better stuff than the cheaper models, they are still aimed at the special effects market and are designed to have a "look".

Canon (and other maker-brand) tilt-shift lenses are designed for straight photography, to overcome the limitations of a fixed-geometry lens and provide some of the features of a view or technical camera. That includes changing the plane of focus, not in order to minimize it, but to maximize the field of sharp focus in the image, and to correct perspective distortions for things like architectural photography. They go out of their way to provide flatness of field and a very large image circle so that both the tilt and shift can be used to maximum effect. It is only a side effect of the movements provided, used in pretty much the opposite way that they are intended to be used, that you can create some of the effects that the Lensbaby optics are specifically designed for; other aspects of the Lensbaby look need to be added in post-producion.