Don't think so. The setting is there so the PS4 knows how big your screen's viewable area is but, not every app/game uses this setting. Most games, to date, have a similar setting within the game, it's meant to control overscan and make sure any HUDs are always visible. I'm not sure if the PS3 had this setting but, the way I figure is that devs can now have their game call back to the PS4 system settings instead of building this setting into each game.
Problem is that it seems that some devs don't code for this properly and it creates a black boarder around the image instead of just affecting the HUDs. MLB The Show did this as well. The Golf Club is one game I know that uses this setting correctly. In TGC, that setting only moves the in-game HUD around but leaves the rest of the image alone so, no black boarders no matter where you set the system setting.
PSN ID: CrimsonNagus
XBL GT: Crimson Nagus (returning to XBL with Xbox One X)
Last edited by rolltide1017; 10-16-2014 at 10:52 AM.