Not necessarily, for two reasons.
First of all, NP reductions are generally not linear in complexity. Some of them are, but usually a problem of complexity n
will reduce to some other NP problem of size n^3
or something. Even if we found a linear-time 3SAT algorithm, we wouldn't have found linear-time algorithms for all NP-hard problems -- just polynomial algorithms. So if by "similar" you mean "also n^2
", not in general.
Secondly, approximations don't generally transfer. Because of the non-linear growth in complexity (that's a simplification of why, but it'll do), approximation guarantees generally don't survive the reduction process. As a result, while all NP-complete problems are in a sense comrades in exact solution hardness, they are far from it in approximation hardness.
In certain specific cases, approximations do transfer (and one of your examples -- left as an exercise for the reader -- most definitely transfers). But it's in no way guaranteed.