Office 365 ProPlus should allow to configure some settings with Group Policy. I need to deploy the "Real-time collaboration options" > "When working with others, I want to automatically share my changes:" > "Always" to enable real-time collaboration.
I found a registry that deals with "show names on presence flags" but nothing for the respective drop-down menu population
HKCU\Software\Microsoft\Office\16.0\Word\Options\AlwaysShowNamesOnPresenceFlags = 1