My guess is someone who believes geos and severums are not hardy fish doesn't know that much about them, has had them but not kept them properly, or maybe just been unfortunate. For one thing, you need to distinguish between Geophagus with different temperaments or requirements and between geophagus and other seemingly similar eartheaters, such as satanoperca or gymnogeophagus, since their requirements can vary. It also means keeping them with compatible fish, not something that will stress them by being out of their league in aggression, etc.
So, a simplified answer would be yes, severums will work with several geophagus species and some other eartheater types if you select compatible species. Among those I've had work well wiith severums are altifrons, suriname types and G. tapajos red or orange heads (same species, whichever popular name you prefer) and guinacara. Another geophagus, barsiliensis, is really a different fish, despite being currently classified as a geophagus. Balzani are really a different fish, as mentioned above, with different temperature requirements... leading to the less simple answer that geos and eartheaters are a fairly large family of fish, and temperament, water conditions, and compatibility depends which species you're talking about.
As far as crowding, to some degree that's in the eye of the beholder. In any case, from what I've seen severums don't like to be crowded in the sense of too small a tank; I've seen them get mean when people try to do that. However, in a sufficient sized tank you can keep a group of them together and keep them with a decent population of other compatible fish.
But if what you're really interested in is the Balzani, you should think in a different direction regarding temperature and tankmates.