Probably. I couldn't find an NTSB decision that exactly addresses this but I did find one that is interesting in the larger context of the discussion.
http://www.ntsb.gov/o_n_o/docs/AVIATION/4338.PDF
Briefly the guy landed when reported vis was 1/16 SM and ran off the runway. He claimed that he had the runway lights in sight at 1500 ft. The FAA attelpted to violate him for a whole bunch of stuff, including a violation of 91.175(d). In his intital appeal, the ALJ accepted his statement that he had hte runway lights from 1500 ft, so the 91.175(d) chahrge was dismissed. This document linked is his appeal to the full board on the other charges, which was denied, but it does discuss how the 91.175(d) charge was dismissed in the previous appeal.
Two lessons:
1) Yes it is possible to beat a 91.175(d) violation if the judge beleives that you did have the flight visibilty, even though the reported vis is below minimums.
2) If you run of the runway and bend an airplane while landing when the reported vis is lower than the minimum , you're going to get violated for something, probably 91.13