You can create various simplified representations and hide components. When you are creating a drawing, you can specify which simprep to use. E.g. you can use Master Rep for the drawing and Hidden_Components in the modeler.
Simplified Reps are one option, another is to put your components on layers and turn off the layers in the assembly as required. The layers can also be controlled in the drawing seperately from the assembly. Either option will work.
The problem with layer is physical memory. When you create SimpRep and open one in ProE, only models in SimpRep will load to memory, those one excluded from SimpRep not. If you put components on layers models are read into the memory and then blanked out of view.