Hey, Schmendrick here.

I added the hotkey to Nearby Ammo Count (though made the default ALT + N to stay thematic with alt-mode, which the mod remains tied to).
Fixed the icon mode friendly force thing, thanks for catching that.

In general the mod was intended to be as lightweight as possible so I'm keeping the settings runtime-global, but since settings affect everybody, I added announcements in multiplayer if anybody changes the mode. I figured it might get annoying if somebody is constantly changing things (especially by hotkey), but it's a lesser evil to having your view changing silently at somebody else's whim (especially toggling it off).

Anyway, since I'm avoiding making the settings player-unique, your mod probably still has a space to exist alongside as an alternative (though they're certainly mutually exclusive).