With the default single-click setting, selection markers are practically mandatory, since without them there is no way to select files with the mouse. But if you change the setting to double-click, they become useless annoyances: clicking anywhere on an icon selects it, so there's no need for a tiny hover button in the corner to provide this feature. Plasma's Folder View shows and hides the selection markers automatically based on this setting; we should do the same in Dolphin.
Submitted a patch: https://phabricator.kde.org/D11979
Nah, we're not going to do this. There are use cases where people like the selection markers even when they're using Double-Click.