Yes there are adjustments you can make on a Barr and Stroud GM2/MkII sight.
No you could not set it to a 6 foot tall man. The adjustment was for wingspan with a minimum of 20 feet and a maximum of 100 feet. This moved the horizontal bars in or out, to the correct space for wingtip to wingtip from the dead 6. See the image below for the bars I'm talking about.
The next adjustment was to allow for the drop due to gravity at that range. This did nothing to calculate lead only to compensate for gravity in straight and level flight.
Almost all of this can be accounted for with the limitation that you have to make the sight for a set wingspan. As it is with the icons, you have much more reliable ranging system than the sight would be. And you can use the ".target" command off-line to check for bullet drop at your selected convergence (and then modify the sight bitmap if necessary).
So with it's limited usability and not really addressing any current limitation, I see little need for HTC to spend development time on it. But who knows, they may think it's worthwhile, but I wouldn't hold your breath.