Yes, Ball 1 gets to the intersection point first.

Reason. Since both balls have the same initial speed, the ball with the smaller launch angle, i.e., Ball 1, must have the greater horizontal velocity component. This means this ball is moving faster horizontally and will cover any horizontal displacement in less time than the ball with the greater launch angle.

For a quantitative version of this question, go to Acceleration/Due to Gravity/Test Yourself/Projectile Motion/Intersection Times.