No it doesn't. I don't think any modern scholar links the logia mentioned by Papias with the document we now call the Gospel According to Matthew. This therefore tells us nothing about the order of the gospels, but I think it is the reason why Matthew appears first in the Bible.
I'm getting quite interested in the idea of something written by Matthew in Hebrew. Two books I've bought in the last year take the view that the gospel of Matthew was added to, either by Matthew himself or by others. The main evidence is that Luke appears to be familiar with some parts of it (which he copies from) but not others. Also that it contains doublets - a sentence or paragraph repeated in a different context elsewhere in the book.
But the style in some places looks as though what we have today was written in Greek. The Beatitudes, for example, contain quite a lot of alliteration when read in Greek.
But if it did originate as a shorter version of our gospel of Matthew, perhaps that is the part that was written in Hebrew?
One of the authors I'm reading, Harold Riley, thinks Matthew originally ended at 28:8, which is similar to Mark 16:8. That could make Luke the first to write about the resurrection appearances.
He doesn't see a problem with the subsequent editing of Matthew. He thinks it happened because the original, being the first account, was highly esteemed in the church, and people simply wanted to add stories from their own memories.