Given the popularity of "naked Link" runs in Breath of the Wild (where he wears only the standard beginning of the game, fresh out of the resurrection chamber shorts), I imagine someone will eventually take that to its logical conclusion in a Cemu mod and give his...uh...
other Master Sword its own physics.
Would be cool for that game given the swimming, hiking, and general "back to nature" feel of the game. Plus the Zora are mostly naked and this Link has a long history and kinship with them. So yeah, when in Zora's Domain, do as the Zora do.
It depends on how you use them. The main issue is finding male nudity mods that aren't so... excited? Lol.
I would think that erections would be more of a hindrance than anything if the game involves platforming, getting in tight spaces, etc.
I like how that new Conan game is doing it in that that's how everyone starts off, completely nude, until they get new gear. They're lucky the lack of retail release gives them that freedom. And they provide the option to block nudity for the easily offended.