I want to be able to view hidden files and folders so I have this option turned on.
I'm sick of always seeing 'RECYCLER' and 'System Volume Information' though on every drive, even ones with just one other folder on it.
Is there any way I can set it up so that I can hide specific file / folder names from appearing all the time?
You could filter the specific files and folders. For doing this, point to Settings -> Prefs -> folders -> folder formats and double click on each parts separately twice. On new window, click on filters tab and type the following code on Hide Filter -> Folders: