Yes but no.
First, about diodes.
Vacuum diodes are surprisingly competitive, actually, in certain V/I ranges -- if you ignore heater power, and noise if applicable.
For example, 6AL5 has a knee around 0.4V; granted this is at some microamperes, but it's somewhat impressive for just some hot metal in a vacuum. Not that the on/off ratio is very much, either: in fact, it's still passing forward current at -0.4V -- yes, forward current; it is, in fact, a heat engine, producing a minuscule amount of power (~nW), just as a dimly lit solar panel does (and for similar physical reasons, actually). This is roughly comparable to contemporary schottky or germanium diodes, but at much higher voltage (330V peak rated). And the capacitance isn't bad (~3pF). Of course, the thermal noise is roughly the incremental plate resistance, at the temperature of the cathode, so it won't win you a whole lot if you need say an RF mixer of especially low noise figure.
Or take the 6CL3, an average "damper" diode rated 350mA 5.5kV, sporting a 16V drop at 350mA. Compare with modern HV rectifiers which typically use stacks of 4 or more to reach such voltages, it's... well no, it's not comparable, not nearly, but it's interesting that it's in the same order of magnitude at least. It gets closer if you need high voltage at say MHz -- the vacuum diode has no reverse recovery, it's a schottky diode (emphasis on "hot carrier"!). And with capacitance in the 6-9pF range, it's better in some respects than SiC schottky (which have quite high capacitance especially at low voltages).
But of these properties, neither is relevant for relay snubber use. And voltage drop or power dissipation is essentially irrelevant (perhaps outside of highly repetitive applications i.e. vibrator supply). So it's down to overall capacity, and cost.
I don't have catalog pricing handy from the time, but I'm guessing the tube was more expensive than the diode, including the cost of socket, wiring, extra heater power, space taken up, etc.
But even more importantly, a simple capacitor or R+C will do the same, probably at a fraction of the price of either. The peak voltage isn't important for snubbing contacts, just the initial rise. As long as the voltage rises slower than the contacts open (the breakdown voltage increasing as they separate), you're done, arcing avoided. Just a solid capacitor has the downside of increasing turn-on current, making not just wear but contact welding also a problem; the addition of a series resistor limits charging current.
A further option is just dumb old ballast: a load resistor in parallel with the coil. The peak voltage is no more than maximum coil current times load resistance, and the expense is increased power dissipation while on, which the coil already dominates so it's not that big a deal. Nothing was especially efficient back then, and if you're talking relay logic, how do you really express the efficiency of something that could have asymptotically zero power consumption (from an information theoretic point of view)? You don't, you fall back on basic engineering principles: does the product meet specifications, user expectations, etc.
Even then, I think a lot of applications just didn't care, and used bare contacts and a bit of luck.