I think it would have been possible. But not based on FZ's guitar
playing so much. FZ didn't become one of rock's premiere guitarists
until 1973 or 1974
Hendrix though, could have been in awe of FZ's instrumental
compositions and arrangements. Songs like King Kong, Pound For A
Brown, Transylvania Boogie, etc. were the most fascinating aspect of
FZ's music during the period in which Hendrix lived. Hendrix aspired
to writing instrumental compositions. However, few of them have ever
reached the public ear.