Hello Jaren,
Thank you for your question about feedback ratings. The answer is yes. Sellers have the ability to block based on feedback rating. If you would like to bid on an item, it never hurts to use the "Ask Seller a Question" feature at eBay.
You can test it. Try to place a low bid on the item manually and see if it returns an error.
Please let us know if you have any other questions, or require other assistance. We are happy to help.
bidslammer