I think a customizable HUD would be ideal, each element could be turned on or off independently via settings menu or actions bar. There’s an option in the actions bar to enable or disable the power/HR graph in the bottom of the screen, that option could be expanded to include other elements (leaderboards, telemetry boxes, mini map, nearby list, riders labels).
Yes, I know it’s been requested many times (e.g. customizable hud and Customizable HUD).
While we have only the option to turn HUD on or off, I suppose off means everything hidden, not everything except the one I like.