Did the United States decisively win the Great Lakes race?

Did American control of the Great Lakes mean the United States had conclusively won that naval contest?

The United States was ahead when peace was declared, but both sides were still building and a longer war could have produced further major actions.

The United States held an advantage on the Great Lakes when peace ended the War of 1812. Both sides were still building powerful vessels, so the contest had not reached an irreversible military conclusion. The result was closer to being ahead when the match was called than proof that every future action was settled. Diplomacy can freeze a temporary procurement and operational advantage into the historical outcome.