No the question is in the "intention", not in failing to perform the ritual. Read the Catholic Encyclopedia article and follow their logic not mine.
Again, you keep collapsing your position into "intention". What's at issue is what the OBJECT the intention needs to be.
"I intend to perform a Sacrament that remits Original Sin and puts the soul into a state of sanctifying grace." [your position]
OR
"I intend to perform this ceremony that the Catholic Church does." [my position]
Unless the object of the intention is as I argue, pagans could NEVER validly baptize.
Based on BOTH our positions, the intention of a Prot would be questionable.