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.

I keep no settlers there and keep my shit there so the filthy settlers across the bridge at sanctuary can't get their grimey little hands on it

Pretty much a stash area for things like power armor and companions lol

The thing is, I have 40 sets of power armor there

Yes, that sounds about right, @A.Altruist1929 , though I haven't collected all the loose sets of PA since about my second play-through. It's amusing to set up a museum there, but... no one will ever really see it, so why?