No. The physical instantiation of a utility function is not an argument for moral realism. On the complete contrary, defining moral actions as "whatever an agents utility function says" is straight-forward, definitional, no-bones-about-it moral subjectivism.
Put it this way: the paperclip maximizer is not going to approve of your behavior.
Do you believe in an objective morality capable of being scientifically investigated (a la Sam Harris *or others*), or are you a moral nihilist/relativist? There seems to be some division on this point. I would have thought Less Wrong to be well in the former camp.
Edit: There seems to be some confusion - when I say "an objective morality capable of being scientifically investigated (a la Sam Harris *or others*)" - I do NOT mean something like a "one true, universal, metaphysical morality for all mind-designs" like the Socratic/Platonic Form of Good or any such nonsense. I just mean something in reality that's mind-independent - in the sense that it is hard-wired, e.g. by evolution, and thus independent/prior to any later knowledge or cognitive content - and thus can be investigated scientifically. It is a definite "is" from which we can make true "ought" statements relative to that "is". See drethelin's comment and my analysis of Clippy.