One thing to keep in mind is that the Account Settings page is already quite confusing and jumbled. As mentioned here, a redesign of it is on the agenda for the year, hopefully soon after our awesome designer, @abhas, has time after Seek 2.0 is released. Until then it’s unlikely new Account Settings will be added unless they are deemed urgent.
You’re correct here. I think my response was more that notifications will be less annoying after overwhelming once a new system kicks in, but I don’t think it would solve this specific problem.