In QL? = not possible. Many people tried and the best you can do is to make a super bright cfg and use dark enemy model + dark crosshair i guess, search the forum there is 2 or 3 diff cfg like that.
It was possible. I forget which cvar, but it was definitely possible - I used it, though it felt pretty odd. Probably shouldn't have told people about it because it was shortly after I did that it got blocked, haha.
Don't see how it would be considered an exploit/cheat, would consider it more of an achievement if anything, playing without an LG beam would be kind of weird :(