For many it's just an ugly effect that doesn't give anything to the game. Maybe some people like that but I believe that's rare. Those darkened borders aren't even needed because they don't relate at all with any PP effect. You can add Arma 3 stamina style vignette indicator without that constant vignette. The same problem is with Arma 3.
It's nice that we even have that key (likely very few even know that and I know that only because I remember it from Arma 3 alpha/beta times) but video option in-game or in .cfg/profile file would be very much welcome. {F32234} {F32235} {F32236}