Was the Black Hood Trying to Save Cheryl's Life on 'Riverdale'?

The Riverdale musical episode was eventful for more reasons than the cast randomly breaking into song. The installment also saw the return of the Black Hood as he claimed his first victim since "Miss Grundy." After escaping an attack from the Hood, Midge Klump was murdered on stage of Carrie: The Musical. Yet this was after several notes from the Black Hood threatening Kevin Keller to replace Cheryl Blossom as lead for Midge. Presumably the Black Hood didn't want Cheryl replaced just because he (or she) is really passionate about the cast of high school musicals.