I've never understood the want for bezel compensation. You're just losing information and I don't feel the extra aesthetic improvement warrant the trade-off.
In addition, the way your brain processes visual information makes bezel compensation doubly useless. Your brain processes signals from your eye in patch-work anyway. By stitching together all the scenes from your eye's glances , it then compiles a single, mental picture which the rest of your brain works from.
To each his own, but for the reasons above the whole bezel compensation "feature" never made sense to me and for my particular needs.
I only cuts out information if the game doesn't support Bezel Compensation. For the most part if the hud can be centered, you're good.