Not sure I understand your question.
If you're talking about defining notification rules based on incoming alerts parameters (from, to, subject, body etc), then yes. We can set up which group this or that alert will be assigned to according to 'Matching Rules'. Please find the image below
Though, NPM and AC are quite different products and definitely AC can't do everything that NPM does.
Is that what you were asking about?
I was looking to see if all of the rulesets, variables etc were adopted into Alert Central however it appears as you mentioned that they are two very different products.
Hopefully I will be able to fire up a test VM shortly and test further.
Ok, let us know in case you need any additional help