Indeed AD&D (1st & 2nd Ed.) Magic Resistance was scaled to level, modified by +/-5% per caster level difference from 11th. In 1st Ed. that's stated at the beginning of every Monster Manual where "Magic Resistance" is defined.
The 3.0 Conversion Booklet dictated a conversion of SR = 11 + MR/5.
Yes, if you crunch the numbers that gives a +5% (1-in-20) advantage to the attacking caster under 3rd Edition rules.
Edit: Maybe andargor would be kind enough to edit his table above -- unfortunately it's not correct and the width has thrown off this thread's browser display.