The problem is going to be keeping an AWACS close enough to command and control the fighters while not risking getting it shot down. An F-22 or F-35 (or even an F-15) is going to be a lot more survivable than an AWACS.
AWACS have vastly superior radar and electronics. It's going to see threats long before they are in range. And it's going to direct interceptors to deal with those threats long before they are in range.
I don't believe an AWACS has ever been shot down.
This lists a few times when AWACS detected and directed the destruction of threats https://en.wikipedia.org/wiki/List_of_aircraft_shootdowns