No, that's a limitation of the display driver (it may even be a limitation of the hardware).
When you switch from full to limited range the driver needs to completely reinit the hardware to change the output colorspace conversion - previously it combined the RGB full range Kodi GUI with YUV limited range video and output it as RGB full range, now both need to be combined and outputted as limited - as you can imagine that requires different combination and functions (internally colorspace conversion matrices) to be applied - this can't be changed "on the fly".
so long,
Hias