Yes, it's possible. I've done this by creating a family table composed of the same part in two different 'states', one fully formed, the other with a flatten form feature used for detailing. That flatten form feature is added to the family table as a parameter. In one instance, it is included. The feature is suppressed and added to the family table as a new instance, only with the flatten form identified as 'N' for no, not included. With the flatten form feature suppressed, you are back to the fully formed part. Further unbend features could be created and included/suppressed to show the part in a variety of different states. For detailing, each is added to the drawing as a separate model and when 'set', can be used for creating views. I'm sure someone has also done this with simplified reps.
David Janes