Has this feature been discussed and generally agreed?
Not fully discussed and agreed yet, happy to receive comments.
Also it is a feature I would like to work on/implement.

Describe the solution you'd like
In short, this feature is to allow a user to select the meter style to be used indepently from the Skin selected.
Current there are 3 skins available which use the following settings:

Normal
In this skin the meter style defaults to a Bar

Compact
In this skin the meter style defaults to a Narrow Bar

Fancy
In this skin the meter style defaults to a set of LEDs

This new feature should allow the user to select the meter style to be used in the User Interface Settings options.
The selection will be made using a dropdown list.
It will no longer be connected to the selected skin.
Using the meter style should not increase the space used in the Compact skin when the Narrow Bar is used (the current mode for Compact skin).

Two new Meter Style options should be added:
One option to use Round LEDs (using the same size as the existing LEDs used for buffer/delay display)
Second option to use Small Round LEDs (using the same size as the Narrow Bar, mainly to save space in Compact mode)

Implementation
When implemented, this will be using a new setting in the ini file.
Once the feature is available, the default setting for this option will be based on the selected Skin.
When the selected skin is Fancy, the Meter Style is set to LEDs.
When the selected skin is Compact, the Meter Style is set to SLIM_BAR.
When the selected skin is Normal, the Meter Style is set to BAR.