No? How do you think Michael Bloomberg became mayor of NYC when he was down by double-digits with twelve days to go to election day back in 2001.
Yes, he did ably fulfill his role, and I am glad that we weren't forced to endure the leadership of Mark Green at the particular historical moment.
Putting that aside, I don't see how this makes him indispensable to the future of the Republican Party.
Granted, his positions on foreign policy/national security are probably the most desirable part of any purely theoretical Giuliani candidacy, but that presumes that any prospective opponent would be worse on these issues, which has yet to be established, in my estimation.