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Yes, but it isn't necessarily a compliment.
"I don't know half of you half as well as well as I should like" implies that he would like to know half of them better, but also that he wouldn't like to know the other half better - perhaps he feels he knows them too well already!
Likewise:
"I like less than half of you half as well as you deserve"
on one hand means the "less than half" deserve to be liked better than he likes them, but also means "more than half" don't - he likes them exactly as much, or more, than they deserve!
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