I don't know the specifics, but if MCAS is disabled, I'd assume the pilots would be able to manually trim the plane. In fact, one of the early flaws, IIRC, of MCAS was that it was tied to electric trim, meaning that to disable MCAS you also had to disable electric trim and and thereby go to manual. Since the 737 stabilizer trim is connected via wires and not fly-by-wire controls, the plane can get into an aerodynamic position where a pilot physically cannot bring the plane back into trim.
Boeing has a maneuver to correct this, but it involves descending to reduce aerodynamic forces on the stabilizer, adjusting trim, regaining altitude, and rinse and repeat until you're back in trim.
Personally, I wouldn't want to be a passenger on a 737 without electric trim and go through that maneuver, but it's better than crashing. Basically, the 737 should be considered too old an airframe to allow for non-type-rating-changing modifications (i.e. fly-by-wire stab trim, etc).