My goal is to create the first Electrum server that allows this.
Too bad (
a good thing actually now that there'll be 2),
electrum.labrie.ca beat you to it.
If I would have known, I wouldn't have started this

But I'll continue now: Fulcrum is at 94%, speed is down to 1-2 blocks per second. So about 12 hours to go. So far, the database is 152 GB.
I was expecting a config setting to change this, but it looks like it's more work than that. I'll probably get to this tomorrow, once it's complete.