This game is practically about options and freedom. Instead of forcing players to go down one path or the other, why not (patch, or more likely mod) have both styles in game? I like the realistic looking armors as much as I like my Daedric armor set. Perhaps an option when crafting to toggle versions, or allow a similarly balanced armor to be crafting in a fittingly equal difficult manner. Variants should also be found naturally, as the various appearances of hide and elven armors can be.
There really needs to be some options like this. I liked the 'trailer' armor a lot, but I love my Daedric set even more. I prefer to think that the impractical additions to my armor are designed to intimidate and frighten my opponents. It's assumedly worked for the Dremora, why not for mortals? The armor is a weapon itself as much as it is a shield. Covered in deadly spikes and appearing demonic, it's also strong armor.