Uh, yeah, that's exactly what I do with a Butler Creek. It's a std obj lens cover, with a flip open cap. The only difference between it, and a Hoplite, is the Hoplite comes with a choice of openings, although to get right down to it, for the price savings, you could get several BC caps and punch different dia holes in them for different apps, if that's important to you. The Hoplite comes with it's own sacrificial window, but I don't know if that's readily replaceable. I use a GI LIF any way (although a 30mm camera filter does the same thing for about 10 bucks). So really, other than the nicer housing, and possibly better looks, the Butler Creek/ LIF mash up does everything the Hoplite does.
So when you hit a better lit area, you close the cover, leaving a .225" (or whatever) hole to see with. When you clear it, pop the cover back open. Like wise, if you need to read a street sign or whatever, flip it closed, so it focuses in closer, and then flip it back open to keep moving (with it set to infinity).
While arguably it is doing the same thing as auto-gating, you are controlling the light entry manually, by "stopping down" the aperture. This is a far cry from the tube doing it internally, if not automatically. Even with auto-gating, I use this technique because it reduces the halo glare from light sources, and gives me a "re-focus" ring. But there is nothing "auto" about it. You are going to have to be johnny-on-the-spot, closing it down when required.
I would not recommend using this technique as "auto-gating" in a non-AG tube. It simply allows the use of IR laser/illum in higher light areas, and allows you to read things closer up, without having to refocus the lens.