Kind of pointless hiding sleeves and hood if you are going to drape it....whether they are invisible or not, they will continue to interact in the cloth room.

If what you are trying to do is have a dynamic cloth with different options as to sleeves/no sleeves, hood/no hood, I'd suggest the simplest method is have more than one prop.

You can use alternate geometry on props, but there are problems with it...I wouldn't suggest it.  Having several props is the simplest solution.

 

If this ISN'T dynamic, but is a smart prop, consider making it a psuedo-figure.  The trick is, instead of having a full rig, you have a stand-in for one single body part, and the rest of the figure depends from that. 

I've made several hats and similar this way.  It acts like a smart prop (with the exception that you do have to hit "conform to..." after loading it), except that it is fully poseable; since for my hats the hat is a child of the "head" object, and only the "head" conforms, the hat, and even a feather in the hat, can be rotated independently whilst still remaining attached to the figure's head.

 

 

Always the key when solving problems is first make sure you have defined the problem adequately.  It is almost always a mistake to reduce prematurely to the narrowest definition of the problem, one which only admits to restricted solutions.