Kind of. I have a health related site, and so the Gallery tab can be on the main page as a directory, and the album tab on user profiles, with members being able to create only a certain amount of albums/ upload a certain amount of images via their own album(s).
I run a non profit health site and so members also want that to toggle with the ability to have their images within their privacy control (i.e "just them", "followers/ friends" they accept; to site members, public). Which they've request this toggle for profile details (such as "about me", statuses, blogs, visitor list, friends/ following list, who can PM them) all which I feel are reasonable privacy expectations to have adjustments on what you wants others to see etc.
I know IPB creators don't see the connection between the friends/ follower difference; but taking that away, took away members ability to have the privacy they wanted on their accounts and felt safe with.