I don't think so, since Hogan was as well known in the AWA as he was anywhere else before he jumped to the WWF. The AWA was losing attendance as rapidly as the WWF was in the Minny market by the time Hogan-Jesse drew that 5500 number noted above.
The local flavour that was lost as the WWF expanded into every big market hurt attendance more than anything else. Your monthly gang of wrestlers appearing at the big arena was an invitation to see things happen that would be reflected as major in your own territory. The New York based WWF wouldn't be able to offer much in terms of "would something happen that would reflect on the big WWF meter at OUR show?", and I think that slowly killed attendance no matter who was on a card.
I can watch Hogan defend the title on a national TV show like SNME, and the expectation that something major affecting the entire balance of the WWF title scene happening was real. A Hogan title defense once per four or five months at the St. Paul Civic Center, or Reunion Arena in Dallas, or another large venue outside of their power base, offered no such drama.
The transition to the WWF Superstars being the draw wasn't all it was cracked up to be after their initial appearance in a lot of those towns. In that sense, they were fun to see once but you weren't married to their return appearance since nothing major was likely to happen, especially if you could just stay home and watch their regular TV or SNME or that newfangled PPV which always had something important happening.
So why didn't the local companies continue to draw in light of that? The stripping of talent by the WWF for their own expansion and the loss of TV in many markets by the local companies hurt them a ton. The WWF, a national, easily seen, entity with a repetitive mantra of being "the biggest and best", settled into an attendance number that worked for them, and those fans were the ones that simply preferred the product to their local one for whatever reason, no matter who was on the card. A Hogan appearance might spike it some but they didn't need to have him there monthly as the company had their number that they were good with. Drawing 5500 in Minny wasn't as big as you would think, but if 3000 of those people went to that show INSTEAD of the AWA show the same month, mission accomplished.
Meanwhile the local company lost a section of their base, and the talent to keep the base that they still had became more difficult to hold onto, and growing new talent became a challenge...less time to build them, and when they were big, guess who came along with the bucks to take them from you?
Sorry for the wordy answer, it's hard to encapsulate the divide and conquer layers that the WWF had in the areas they came into. Bruno, in his monthly circuit, drew great with the WWF formula in those areas. Hogan didn't have nearly the same steady compact circuit to become the same kind of draw, but the WWF was willing to forgo that to make him the National and International star that he was. They had an Apples-to-Bananas kind of run to compare.