Nice Idea. I would definitely use it in place of what I currently do.
A combination of shortcuts and heavy use of the 'Temporary View Properties' tool in the visual control bar is how I currently deal with this (among similar scenarios) if it helps in the interim.
I have shortcut key [1] assigned to 'Temporary View Properties' (TVP)
I have shortcut [2] assigned to 'Hide in View: Hide Category'
So I hit [1], select a link, hit [2] and its done. I use this method for various things because like you, I don't always want this to be part of my temp hide/isolate I might be doing. It's almost like having two individual hide states. ([1][0] resets everything
)
I also set up a 'saved selection' for all links. So instead of selecting all links one at a time, I use a shortcut to load my saved 'LINKS' selection, then hit [2] again.
(I swear by TVP, most useful tool in a while).