This would be a great option to have. I will be going through the woods all immersed and then I see floating text "Hare". Haha just takes you out of it. I limited my HUD and wish they would add a toggle to remove the floating text as well.
Playing on PS4 and it definitely is way too sensitive from going from walking to running. It just doesn't feel right and hope the CDPR gives us a patch to at least adjust this in the options.
This is a small but annoying issue for me as well. Geralt goes to quickly into a run on the analog stick (PS4 here) it is just much too sensitive it makes exploring like op said smaller areas quite frustrating or looting. Hope its either fixed or given a slider to adjust in options in future...