Yes, but no: There was an in-beteeen.
The first cal. 8500 (known as 8500A) did not contain the silicon balance spring. It is designated "Co-Axial."
Shortly after, the 8500B was quietly released; it contained the Si14 balance spring but kept the Co-Axial designation. It seems like it was released along with the blue dial "Skyfall." Specs state it resists magnetic fields up to 15,000 gauss but it is not COSC certified.
Finally, the 8500G was released. It contained the Si14 balance spring and additional Si14 components. It was designated "Master Co-Axial" and is COSC certified to resist magnetic fields to at least 15,000 gauss. Rumor has it that it received the designation of "G" instead of "C" to represent its certified gauss rating.
The 8500A does not have a silicon balance spring. The 8500B does, but is not Master certified.
I don't think that the silicon balance spring in and of itself will bring an 8500A to "Master Co-Axial" spec. The 8500G had additional parts updated with non-magnetic parts (although I couldn't find out exactly what those additional parts are) and the upgrade would still lack the official Master" certification, just like the 8500B.
I'd still take the silicon balance spring over the older one regardless.