yes, maybe.
the slave/master is only for ide, but my(yours i dunno?) bios will read the sata drive as a completely different set of drives. so mine will probably work just fine, yours I don't know. I've never done that and I really don,t know. Try looking at your mobo manual to see if it has anything on that.
It depends how bad your drive is. try reformatting it in windows or linux (whatever you use). If it doesn't work, then your drive is probably toast.