No, my friend- the prizes that can be netted from your efforts are as follows:

0-49 points: Pearl Necklace
50-99 points: Safety Bit
100-149 points: Subliminator
150+ points: Shmooth Shailing

So as you can see, there is no Ribbon to be won from this mini-game. You'd be much better off waiting till fighting Angra Mainyu. Bevelle Underground has one, too- in that big hole area with the towers that you use to switch huge platforms around to make steps downward.