I don’t think so. You’re using the {exp:keywords:entries} tag there, aren’t you? If I’m correctly interpreting what you’re doing, you already know which tag you are looking for (defined in {segment_4} it seems). With the {exp:keywords:related_entries} tag, I don’t know which keywords are in play. As the docs say,
This function returns entries that share <em>any</em> keyword with the entry specified.
So I can’t know in advance which keywords are available. To illustrate:
Entry 1
Keywords: alpha|beta|omega
Entry 2
Keywords: omega|fatty acids
Entry 3
Keywords: sasquatch|beta|filibuster
Entry 4
Keywords: alf|alpha|elf|elsif|turnip
Entry 5
Keywords: male pattern baldness|disestablishmentarianism|i am spartacus
Let’s say a visitor arrives at http://domain.com/news/item/entry_1. I want to display all the other entries that share <em>any</em> keyword in common with this entry. The exp:keywords:related_entries tag will return Entry 2 (match on omega), Entry 3 (match on beta), and Entry 4 (match on alpha), but not Entry 5 (no match). But the keywords:related_entries tag will not, as far as I can tell, return the keyword (as variable {keyword}) that links Entry 1 with each of the other entries it shares a relationship to.
That isn’t the end of the world, of course. But to a user, it can be confusing. He wants to know not only which entries are related to the one he’s viewing, but also <em>how</em> they are related. He might be interested in reading more about entries with the keywords alpha and omega, but not those with the keyword beta.
That’s a long-winded way of asking: can I do what I’m trying to do without hacking the Keywords plugin or harassing the author to add this feature to the plugin?