Is Evangelical theology, Pauline theology?

Robert Menzies in his book Spirit and Power, co-authored with his father William Menzies, discusses an issue in hermeneutics - the role of narrative in forming theology. Typically, in the past narrative has been mostly viewed as historical and not theological - that instead narrative provides the historical basis for theological formulations. However, in time biblical scholars have come to see what most of the rest of us probably already knew, that narrative is often both historical and theological, history but with a purpose. Interestingly, many have been okay with this in regards to the Old Testament narratives, but when it comes to the book of Acts they break the rules and insist that it is only a historical account of the early church. They contradict themselves.

Anyways all that to highlight an interesting point he makes when interacting with a claim Gordon Fee makes in his book, How to Read the Bible for all its Worth where he states: "unless the Scriptures explicitly tell us we must do something, what is narrated or described can never function in a normative way." (this is footnoted from pg 97 of the 1981 edition - I have no idea if this was changed in response to Menzies or not). So Menzies goes on to respond with a barrage of questions,

"Today, for many, it is difficult to imagine how such a restrictive approach came to be axiomatic for Evangelical interpretation. After all, doesn't this principle sound very much like a canon within a canon? Doesn't much of the theology of the Old Testament come to us in the form of narrative? Didn't Jesus himself often teach by relating stories or parables? Doesn't such a theory tend to reduce the Gospels and Acts (as well as other narrative portions of Scripture) to a mere appendage to didactic portions of Scripture, particularly Paul's letters? (Perhaps this explains the overwhelmingly Pauline character of much of Evangelical theology. When all is said and done, has not Evangelical theology tended to be Pauline theology?) In any event, even the most casual reader cannot help feeling the tension with 2 Timothy 3:16. "All Scripture is God-breathed and is useful for teaching, rebuking, correcting, and training in righteousness" (pg. 38-39).

So the question becomes, is Evangelical theology indeed, Pauline theology? What do you make of this quote?