wp_editor in text mode only(without TinyMCE)

Yes, it’s possible to set it to false. The full parameters list is in the file wp-includes/class-wp-editor.php.

These are the default values for the $settings array when calling wp_editor( $content, $editor_id, $settings );:

array(
    'wpautop' => true,
    'media_buttons' => true,
    'textarea_name' => $editor_id,
    'textarea_rows' => 20,
    'tabindex' => '',
    'tabfocus_elements' => ':prev,:next', 
    'editor_css' => '', 
    'editor_class' => '',
    'teeny' => false,
    'dfw' => false,
    'tinymce' => false, // <-----
    'quicktags' => true
);

Check the source code for details of each parameter. I’ve just made a small test with a meta box and works ok.