That's probably not too far off. I know quite a bit went into lowering the distortion of the internal stages of the LME49720. I'd expect something similar to have been done on the OPA1611/12.Taking into consideration the differences in open loop gain, it suggests that the actual open loop distortion of the 1612 is about an order of magnitude lower than that of the NE5532, and about 2 when the additional GBW is taken into account.
When comparing THD+N for opamps, always look at Rload. Many deliver excellent performance with Rload = 10 kΩ. Driving an open circuit is easy. Some are good at 2 kΩ. I seem to recall the OPA1611 being good down to 600 Ω as well.
Tom