If you hide it, it will not re-install.
I did not say that it would reinstall, I said it would be back--meaning, even though the user has used the Customize feature to Hide the Win10 icon, and even though it vanishes from the system tray during the current session, it reappears after the computer reboots.
I believe that this provides the third indicator of Microsoft's determination to take control away from the customer. In the past the expectation would be that if you use the Customize feature to hide an icon, it stays hidden until you choose otherwise. Quietly, because their perfidy would be plain for all to see if it were disclosed, Microsoft has changed that policy to keep the Win10 icon in our faces.
For those who are keeping score, the first indicator was misrepresenting the nature and purpose of the update. The second, which I have seen in a couple of places, is fending off criticism by telling customers that they can hide the icon, while conveniently failing to mention that it works only for the current session.