Back to the fuse holders issue: I have seen fuse holders that hinge out and provide a point for locking them in the Open position. The issue that most people miss on those is that they are NOT listed to be opened UNDER LAOD. In other words there must be another means of interrupting current BEFORE you open these devices, i.e. another disconnect (making them pointless) or a contactor. So IF there is a contactor that ALWAYS opens first, then you can in theory use that type of fuse holder as a LO/TO point. But keep in mind that this means opening the enclosure first, and that means having the proper PPE and/or "Live Work Permit" to do so. Or, the entire concept is being done without there being a “Safe Electrical Work Program” document that would pass muster with OSHA.
Seems like a lot of trouble just to save on having a simple disconnect switch...