I would be all for more customization in this sort of thing. There are some cases where things have been programmed to appear/disappear/crop themselves as decided by SE and I don't always find their choices to be the best ones, or even the logical ones. I'd imagine that's just due to them having thousands of gear combinations to test so they just go with what they feel works/looks best in a few common configurations.

This sort of thing could also work to fix the clipping issues they seem terrified of in some cases and ignorant of in others. Just leave the option to the player and let them decide if they're okay with things clipping or not.