Eldiran
Smash Lord
The closest you could get to that is to move it further back behind the limb/weapon (typically Z offset). This will harm accuracy however.Would one of these parameters be able to actually rotate the hitbubble behind the character so that you can still see the character itself, only with the hitbubble behind him/her so you can see the parts?
Unfortunately, the graphic used to portray hitbubbles is (I think) a sphere, which means all rotations applied will effectively do nothing. That's what I surmise, at least; I haven't tried it.