I briefly had a (failed) startup in this area, and I did a lot of research. There are certainly a ton of clubs that do this, and there's an obvious reason why: in nightclubs, your product is your customers. They don't show up for your mediocre DJ or overpriced drinks from a bartender that takes an hour to get to you, they show up because there are people there...and a line communicates that there are people there.
So yes, the reasoning behind this is solid, but the problem is that the results aren't. What happens when the person who has waited an hour in line finally gets in and the club only has 20 people in it? They see right through your sham, and they never wait in your line ever again.
I've interviewed quite a few managers of successful clubs and tons of managers of unsuccessful clubs. The unsuccessful clubs are the ones trying to create the illusion of a packed house by creating lines outside, or other illusory shams like guerilla marketing. The successful ones definitely do most things better (food, drinks, ambiance, music, etc.) but they also rely extremely heavily on a similar illusion: they don't pay people to wait in line, they pay people to drink and dance inside the club. They literally have a Rolodex of professional partiers...typically young and attractive, mostly female but not exclusively so. They are people that don't mind dancing and having a good time when nobody is around. Successful clubs pay them to get there early and create the illusion of a party that is already started. They skip past the need for a first follower [1] by starting the night with 20 followers.
Paying people to stand in line may trick people into thinking a club is popular, but it won't trick them into having a good time in an emtpy club that they waited hours to get into.
[1] https://getlighthouse.com/blog/first-follower-principle-lead...