Same people, different band..

it would have essentially become one band with 2 different shows.

I played in a band that had an alter-ego: Same four guys, and sometimes, the same material. The only difference was, if we'd had any beer to drink before going onstage, we referred to ourselves by the alternative name. If we went on sober, we used our normal name.

On those rare instances when a promoter had actual done any advertising with one band's name but the other band showed up, we'd just announce "Sorry, ________ couldn't make it so we're filling in for them."
 
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I dont think that would fool anyone here.
The whole point is that the band is the draw to the event. Music isn't the afterthought and if venues don't know that then events just don't work and ultimately its the start of a downward trend more often than not and the place fails with them as owners/tenants.

So people are all in and the good ones survive.
You do get a revolving door if the new guys/venue aren't very good at all...but your business model would be good food, good core clientele and good....well attended...events.
$600 outlay on a band ..which is towards top end scale for regular music has to work.
It cant be an afterthought because the venue wouldn't last 5 mins, ime.