No, in fact it's much, much harded. You have no idea of the scope. I have no idea of the scope. Nobody does. There are obscure machines we've never heard about and there are C compilers for them. Targeting and supporting them from modern toolchains is a fool's errand.
on the other hand, porting llvm to an infinite number of platforms requires an infinite amount of work
so, it is less work this way
Edit: On second thought, that's only needed if you want to run rustc itself on the old hardware, which is probably not super useful given the main reason you would need to do this is if LLVM can't target that hardware.
For building code written in Rust for such old hardware, this would be sufficient.