I would think so.
First of all, it is essential to maintaining an orthodox doctrine of God's essence. Once composition is introduced, many absurdities follow.
Second, with simplicity it is possible to maintain that the persons of the Trinity are coequal, each one being perfect God; if the divine essence is not simple, it is at least harder to maintain that each of the divine persons possesses the entire, numerically one substance. Simplicity guarantees the full and proper meaning of homoousios.