I suppose one could. I'm not well versed enough in how the SNES accesses data from the cartridge but if the data needed right when it freezes is on a bad address line it could cause the problem. Could be internal degradation of the mask rom too for that matter. Swapping the mask rom onto another cart would be a good way to test that hypothesis but the only fix would be to wire in an EPROM which would make the cartridge suspect to any future buyers as a bootleg/reproduction rather than a legit cart with an unorthodox fix. I don't think a single solder joint would account for everything you're seeing.
As far as I know there is no button combo to wipe the SRAM entirely. Pulling the battery and leaving it alone for a few days would likely guarantee it gets wiped 100%.