So since the ranger ability quarry requires the target to be your favored enemy and hooded champion gives up favored enemy, is quarry useless? Why wasn't it replaced?
That archetype only gives up Favored Enemy at 1st level. He still gets Favored Enemy bonuses at 5th level (as though at 1st level) and at 10th level (as though at 5th level), so his Quarry class feature still has something to work with.