Short answer: no.
Too many variables; manufacturing tolerances between the gun's parts, differences in ammunition, how a person grips the handgun, etc. To verify point-of-impact, you really must shoot it.
It's also important to shoot it for other reasons, like verifying the weapon/ammo combination is reliable. Some guns don't "like" certain kinds of ammo, and the only way to make sure your gun will work with the ammo you've selected is to shoot it. Some folks are very concerned about reliability, and will not carry a handgun for self-defense until they have fired 100 or more shots of the ammo they intend to carry, with no stoppages of any kind. I've even seen revolvers have problems with some kinds of ammo; they are not immune to jamming, it's just less likely with a revolver's design.
The last reason may be the most important one: most bullets missing the target (misses) aren't caused by the gun's sights being off-center, or the ammo not matching the sights. Most misses are caused by poor shooting skills, such as "jerking" or "slapping" the trigger, which cause the gun to move off-target at the last moment before the bullet leaves the barrel. Even if your sights are perfect and your ammo matched to the sights, you can still miss if you don't shoot properly, which means if you want to reliably hit a target, you need to practice your shooting skills. Which requires firing the handgun.
Find a safe place, wear eye and ear protection, and shoot it. End of sermon.