Yes. This is how I would do it.
In your photoediting program load your texture for the body suit. This is for the placement of the symbol.
Make a new layer fill it with 100% black. This will be your Trans map layer. 100% black is transparent, 100% white is visible. Change the opacity so you can see the bodysuit texture beneath.

Load your symbol in a new layer.  Make sure what you want to be invisible is 100% black and the other is 100% white. If you need to you can invert this layer. Scale and place as needed.

Make sure your symbol layer and transparency layers are 100% opacity, Merge these two, save it out. Apply.

"Few are agreeable in conversation, because each thinks more of what he intends to say than that of what others are saying, and listens no more when he himself has a chance to speak." - Francois de la Rochefoucauld

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Poser 12: Inches (Poser(PC) user since 1 and the floppies/manual to prove it!)