Update Project Status List visibility from shotgun api

Some of our projects have custom statuses (sg_status_list) like Graveyard on a versions disabled/not visible but we require this field for when users don’t have permission to delete a version. I am trying to turn on the statuses visibility using the shotgun api with schema_field_update but this method seems to only allow you to update sg_status_list top level properties and not the properties of the statuses returned by sg_status_list. Is there a way to set a version status like Graveyard visibility to True via the shotgun_api?