Just adding my limited experience here, but I have a Fram Ultra (XG10575) off my wife's Acadia and that gasket was permanently compressed with zero squish left to it after 6 months/~5,700 miles. Very limited # of long trips, mainly a short trip vehicle. (Black gasket in the picture).1 turn compresses the gasket 1 mm on a typical 1.00 pitch thread. I just turn it until it feels snug. It won't be rock hard unless it's been on there for years.
The two red gaskets are from Microgard Selects that were on my truck. One ran 50 miles and one ran a full OCI. You couldn't tell the difference (other than a slight color variance) in the two. Both the same height and squishy as the other. The one that went the full OCI had some towing trips and long road trips on it. On the truck about 5 months.
If I were to do as you do and remove and reinstall, I don't believe I'd trust the Fram to go back on. As long as the MSL's didn't show any damage or defect, I'd probably put them back on.
FWIW, I'm going to end up choosing not to drain mainly because I don't want to introduce the chance of damaging anything about the oil filter. Where Ford has the filter placed on this 5.0 is a true PITB and getting myself under the truck and my big hand in there to grip the can decently to remove has ended up with me denting the can a few times. Rather not take any chances.