It's hard to say, but maybe no, because the bottom of the leg bulges out and it's too close to Ike's head. Can you take another pic from a different angle? Here is a pic of one of my peg legs (I have 4 now):
Well, after looking at some non peg legs (see pic) that are right up to Ike's head, maybe I'll change my vote to maybe a peg leg. Another angle or two might help.
Do you have any 1976 type 1 Ikes (any mint mark)? Almost all of them are peg leggers. If you take a look at one of them, maybe that'll give you a reference.
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