Mini-overlay for most important information

Current overlay provides quite a bit of information, but it's unneded in most circumstances. I'd love an option to display only the most important stuff, like the big icon if I'm currently muted/deafened.

I often mute myself for various reasons, but I don't always remember I did, and might end up talking to myself for a few minutes. An overlay with a big "you are muted" icon woul be a simple and clean solution to my problem without creating clutter on the screen.