I would also not recommend formatting the disk as GPT and "truncating it to the protective MBR". Not only there's a good chance of the GPT re-appearing on its own, either because some software noticed it was corrupted and copied it from the backup copy at the end of the disk, or because some software noticed it was missing and created a new one, but also there's a chance of it once again being treated as if the whole disk was empty (since the "protective MBR" says it's a GPT disk, and the GPT has no entries). If you want to have just the single MBR sector, then create a traditional MBR with a single partition spanning the whole disk instead of a GPT "protective MBR". But that will not gain much, since you should align your partitions (IIRC, usually to multiples of 1 megabyte) for performance and reliability reasons (not as important on an HDD, where you can align to just 4096 bytes or even 512 bytes depending on the HDD model, but very important on an SSD), and the space "wasted" by that alignment is more than enough to fit the GPT.
Ah, I missed there was a unique label indication GPT was involved in the protective MBR; I I'd read it, it essentially is just an MBR with a single max-size entry, and I didn't consider there might be anything else; and ofc, it is a bit of a pointless thought experiment. Thanks for sharing!