While the Contextual links integration is nice, and while it can be managed currently on a global or per formatter setting, it would also be nice to allow it to be toggled via Formatter settings so that a specific implementation of a Formatter can choose whether or not to have the contextual link.

A perfect example would be when using a Custom Formatter with the Token view mode, especially if said token was being used in an email, it's fair to say that you wouldn't want the Contextual link in this case, but it's not fair to say that you'd necessarily want to lose the functionality across the board due to a single usecase.

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Deciphered created an issue.