Derek,
Simple answer: Yes, absolutely. I bought the 2012 Van's Sun 'n Fun Lyco engine/Sensi FP prop special. Mine's a YIO-360-M1B with the Sensi fixed pitch cruise prop, model #72FM8S9-1(85). The engine came set up for constant speed, including the servo, the oil return line, and the prop shaft plug. My trusty A&P Randy Richmond (Richmond Aviation) fabricated a cover plate to seal the servo hole when I removed the prop servo, which I stored for later use along with the oil return line. Don't forget to remove the internal plug (mentioned in Lyco's service bulletin).
Why did I do this? Same reason as you: I prefer the cleaner lines of the non-guppy-mouthed lower cowling. The engine/prop combo flies GREAT, although I'm outperformed on takeoff by my CS friends. Still, over the last 9 days, I averaged 168 KTAS at 8500' going and coming from Oshkosh.