So, in theory is it possible that through Rom Hacking (firmware mod or patch) you could "paint" the pixels of the on-screen indicators "transparent" or "invisible" color so that they would not be seen on the output?
I don't think it will be necessary, if what is going to my TV is what will be recorded then it will have NO icons or other junk on there. If I have time tonight I might make a video of it. By the way many of the same things apply to the EVF; in teleconversion mode the view of the image looks very coarse but when you hit record it suddenly clears up.