It depends on the hardware wallet. If you are using a permanently airgapped device like a Passport, then maybe. If you are using a device which connects to an internet enabled computer like a Trezor or a Ledger, then no.

It also depends on your threat model. Against remote electronic attacks, the security might be similar. Against physical attacks, an airapped laptop is superior. There have been multiple attacks against multiple hardware wallets which have demonstrated seed extraction. I'm not aware of a single successful attack at extracting data from a drive running full disk encryption done properly. If an attacker sees a hardware wallet, they know you have coins worth stealing. If they see an encrypted laptop, they have no idea what is on it. I can even use hidden volumes to decrypt it to decoy "sensitive" data.