I have asked for it to work just like the starbase sponsor screen with the little gears. To me, this would be the most UI consistent implementation.
I don't turn off the auto update. I enable "do not update until planet is full". I then use terraforming in the build list to create a blank tile, which forces the planet to get back to me after completing a long build list and before any rampant updating. I can use that trick to gate future levels of upgrades to advanced levels. It helps reduce my micromanagement while maintaining an illusion of control.
So yeah, global options, please.