Yup, just checked.
So insert circle has the actual picking ability, but it only does it additively. It would need the inverse added to it.
or
Inverse fillet does have the flip option, for adding or subtracting. But it doesn't have the ability to pick where this happens. It just globally applies it to closed curve "corner points".
The pick point method doesn't even need a corner point. You can place it "Anywhere".
So I guess the optimal would be the InsertCircle command with the flip option added in...
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