Introduce setting to hide certain status bar options

[AidanSun05]

Is your feature request related to a problem? Please describe.

This extension currently takes up a large amount of space on the status bar. This leaves less space for other extensions, and on smaller screens, they can become hidden.

Describe the solution you'd like

Depending on development workflow, some of the displayed options may not be used as often and can be hidden to allow more space for other extensions. For example, I don't need to change the root directory, platform, or architecture. There should be a setting that allows the user to select what they want displayed in the status bar.

Describe alternatives you've considered

No response

Additional context

This feature request is similar to what Visual Studio has for toolbar customization: https://devblogs.microsoft.com/visualstudio/optimizing-toolbars-for-your-workflow/