If you were to make a list of banned books, yes, it would be fine to include Hustler magazine, as it was (and remains) banned in many places (and because of its historical significance in the fight against censorship).

if i said "hustler is banned from my school", and someone came along and said "it's not banned, it's just not allowed", i would laugh.

the word "banned", specifically and only in the context of books, is one of the fucking strangest quirks of HN.

I'm more likely to laugh at the implication that Hustler somehow qualifies as a book.