SpaceX's lots-of-engines approach has been well proven on the Falcon 9 thus far.
This is just to compare optimism for heavily multi-engined BFR with suggestions that N-1 was doomed just because of the number of engines.
Additionally, their control scheme was designed to shut down the engine opposite to any failed engine, meaning that they had very little engine-out margin in the inevitability of an engine failure.
All in all, we can (and have, with the Falcon Heavy) do much better.
N-1 could complete the mission with up to 4 engines turned off from the start. And I guess it it's not from the start, you could turn off even more engines and still have a successful flight.
Even though Saturn-V is heavier, N-1 has more lift-off thrust. Partially to have this kind of redundancy.