Unless the boost or bonus is enough for AI sovereigns to solo entire armies that doesn't matter.
Sure it does. To challenge. Do you mean immersion?
On challenge: On ridiculous and insane, killing an enemy sovereign because they are alone hardly wins you the game, and can cost you mana or even some troops. In some situations it would be downright a risk to engage (you're needed elsewhere), and the enemy sov/champs certainly have the HP to attack your weak/undefended cities and take them. So their hp bonuses mean they can be a threat, even if they can't defeat your main stack alone. And sending in your main stack could leave something else undefended.
It would be better if they took troops with them, but the hp bonus does not need to make them solo-stack worthy. If they can harass you (they can), sovereigns riding solo is not complete suicide.
Immersion: If the AI's bonuses improve challenge, then they improve immersion. Challenge is a big part of game immersion.
Solo enemy sovereigns do not break game immersion entirely. I'd like to see it go, but it is not a major issue holding the game back from being worth playing. At least for me, and presumably not for the reviewers of this game on metacritic.
Re: troll-or-not status, I just suggest this: what motivation leads someone to announce that they will no longer be playing the game, on these forums?