You can only hide it for as long as they don't refresh that update. Once they make a change to KB3035583 it won't be hidden anymore and, if they make it important at the same time, guess what's going to happen?
I've "hidden" KB3035583 half a dozen times in the last year (even posting here about how ridiculous this all was and being promptly flamed to ashes). It always comes back eventually.
Well, I can only say after I have hidden it some months ago, it has never came back (on multiple systems). There could be other factors at play.
I'm pretty sure even an update changed from recommended to important will stay hidden too. Though, I wouldn't be surprised to learn that can be overridden.
At least Windows Update makes it obvious when it (Windows 10 installer) returns in some form.
I've "hidden" KB3035583 half a dozen times in the last year (even posting here about how ridiculous this all was and being promptly flamed to ashes). It always comes back eventually.