Oh, no... I'd say it was definitely satirical intent... though with a certain amount of affection for people of that stripe. And, of course, Bastable does grow through the course of the novel (as he continues to do through the others). But Moorcock manages to be ironic (which is the better word, I think) here without having much comic in the character or the situations (save on a rather restrained level)... a very good balancing act, I think. (And, of course, I find myself very fond of General O. T. Shaw....)