Yes it does actually. Mismagius has a great move called Nasty Plot, and coupled with it's good speed, it can be seen as a bulky alternative to Gengar.
Mismagius @ Life Orb/Leftovers
EVs: 4 HP / 252 SAtk / 252 Spd
- Nasty Plot
- Pain Split/Thunderbolt
- Shadow Ball
- Hidden Power [Fighting]
Nasty Plot gets it's SAtk to dangerous levels, Pain Split should be used with Life Orb, or if you want extra coverage go Lefties and run Thunderbolt. Shadow Ball is STAB, and HP Fighting gets great coverage.
I used this set on this team and I loved it, as it has decent special bulk and is very unexpected.