No.
The problem is not with Hold Monster, but with epics. Epic monsters have too many immunities and too much HP, making getting trash into auto-crit status basically the only reasonable way to run most epics unless you enjoy spending an incredible amount of time in every single encounter.
Their post-nerf lowered saves are also an issue, as using other forms of CC, like Web and Irresistible Dance, kind of got back-burnered when nearly any caster can attain a sufficient Mass Hold DC.
It's epic quests that need a revision, not Mass Hold.