Nice picture Indian, sometimes I just fly along staring at my plane awestruck. The rotating spinner is positively hypnotising.
My thoughts on the Plane ID icon and the distance counter are this. You can't get rid of them altogether, because as was stated above, we all fly the same type planes.
In the real world, before BVR radar or AWACS, planes had to come into visual range for correct ID. I am not sure what this visual range might be, but I think it could be a factor of guns range. Maybe 2x or 2.6843545496x (LOL) guns range, at least in the Sim. Multi-engine or non-landing gear retractable planes would be the exceptions I can think of.
SOOOooooo....
Why not just place a little green dot or a little red dot over the plane when it gets to the distance a pilot might ordinarily ID a plane type. No name, no plane type, and no distance counter. This would be fairly in-obtrusive, but still provide information needed for enemy / friendly status.
This IMO would be a significant strategy change for general arena play. Friendly planes would have to fly close to together, sort of like <hmmm> formation flying. Or you could just chase dots all the time.
Mino the Minotaurget