This angle would be sheer brilliance if it was just one five minute segment of Vince chasing Mr. America Keystone Cops-style, only to trip over something, left only to shake his fist and go "I'LL GET YOU HOGAN, IF IT'S THE LAST THING I DOOOOOOOOOO!" If Hogan would then go "woowoowoowoowoo" like Curly, that'd also be pretty choice.
But instead they waste half the show with it and it just becomes plain stupid, not cute stupid.
Yeah, eke, you are right that there were too many guys and not enough TV time before the split, I forgot about that. Maybe then if they take some under-used guys and make them real (i.e. permanent) teams then that would be the best option.