To me the word 'master' is at the centre of this. I do not think anyone apart from Sauron could have 'mastered' the Ring in the fullest sense of the word. Only Sauron could use the Ring truly wilfully. Others may have been able to make at least
intelligent use of the Ring - intelligent as being opposed to merely using it to 'hide'. That's something that I'm sure none of us could argue against - that's part of why the Ring is so dangerous and seductive. It makes people think they could truly 'master' it, when in reality they would never be acting with their own will.
I do think that if say Gandalf had used the Ring then Sauron could have been, if not totally destroyed, then at least fatally harmed (in as far as Maiar can be 'fatally harmed'
). I also think that Saruman could have had as much a chance, such as there was, with the Ring as any of his contemporaries.