Sure, because the idea of being in horizontal trim is for the fins to be in the slipstream of the body. It's one of the first diagrams in a GUE Fundies course.
The fins hanging out above the position of the head in supposed horizontal trim is another of the misconceptions in this thread. If someone's fins are in danger of hitting things above or below the slipstream of the diver's body/head, then the diver is not in proper horizontal trim. The angle of the legs will be different for different divers based on their centre of gravity, the length of their legs, and their comfort. So if a divers fins are too high and out of the slipstream, yeah, just lower them.