Probably not, it's a good location to store power armor because it already has a power armor station.

I use Red Rocket as an outpost and to recruit settlers. I outfit them there and then send them where they're needed. Only two people are stationed there and one of them is a provisioner connecting it to Sanctuary. I scrapped the power armor station and almost everything else that was't relevant to my outpost, I have everything I need back in Sanctuary and I always build a warehouse to store extra power armor.

It already has a power armor station, it doesn't really have a lot of airable land, and it's the second settlement most people claim. It's a natural location for storing and displaying power armor. It's also the hub for my provisioners in most playthroughs.