That can do the job if your AWK implementation treats a multicharacter RS as a regular expression and if you set RS to a regular expression which mimicks the default value of FS. In effect, what is usually a field becomes a record.
If your AWK does not support that RS behavior, the same can be accomplished by filtering the file through tr, replacing spaces and tabs with newlines, before piping into AWK.
Hi, in awk $0 is the whole line. If you want only one field of the line you have to check for i=1 to NF.
$0 = $1 + $2 +.....NF. You have to know the length of $1 ,$2.... and compare them. For example with a loop while...while (i<NF) and you have to keep the minor length while the loop checks every field...If you need help with the code ask me for it.