Not really. For one thing, the Sketcher does not deal well with a huge quantity of objects. With so many circles, it becomes sluggish. Also, the Sketcher Array feature is not as flexible as the Draft one.
Padding a sketch that contains the hole pattern and a rectangle to enclose them takes about 1 minute on my 2012 i5@3.5GHz desktop PC.
What I think would be an optimal work flow would be to create first a small plate with a small portion of the pattern; then use Draft Array with Fuse property set to true to array the plate to the final size. Draft Array is pretty efficient.