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I'm not the most skilled guy here so take everything I say with a grain of salt.
BUT
The deeper I get into PUA the more I think that things like social proof, DHV, qualifying, AMOGing, and all that are all blown way out of proportion, and while things like that matter, the PUA community as a whole over hype it.
I know guys with great social proof who don't get laid, I know guys who have DHV stories coming out of their ears who don't get laid, I know guys who can AMOG who don't get laid.
In my opinion, the two key things to PUA is inner game and sexual escalation. If you can master these two things you don't need to worry about half the other crap that the community goes on about.
So having a good social circle important? Yes. Is it the most important part of PUA? Hell no.
People come to PUA with their own goals. Some want one night stands. Some want to find a girlfriend some want something else.
So now the question from OP is is it important to have a good social circle?
The answer is yes, it is very important: If you're looking for a girlfriend/relationship
The answer is generally no, it's not AS important: If you're looking for a one night stand. Although this is not set in stone because there could be one bitch you're trying to get who happens to find a guy with a good social circle really attractive.
The fact you know people with DHV stories up to their tits etc. and they still don't get laid...well there is definetly some aspect of their character that's still AFC, or a missing link or...well you get the picture.
It's a combination of everything that gets you laid. Whether or not you're conscious of hitting all the right buttons or not, if you examine a successful night you will see that "social proof, DHV, qualifying, AMOGing, and all that" were all hit. DHV is a very important factor. Sure any chump could get lucky one night. But that's what it is. Luck. With PUA you own the situation. It's your world and we're just the people in it.