@DAMIANx101x There is one option in the settings menu, which allows for 3 different settings regarding usage of the X button to interact/loot. Unfortunately, I tried all 3 settings a while back, and none of them seemed to fix the conflict between reload/revive/interact. I still find myself getting killed because a team mate got knocked right in front of me, and I can't reload. If I notice in time, I can look at the sky to initiate the reload, but that split second has gotten me killed many times, Lol. I play on an Elite controller, but as you mentioned, that only allows me to move the X button as a whole. I can't separate between the uses for the button, and that's what gets me killed sometimes.
At the end of the day though, it is so situational that it only happens to me once in a blue moon, so I'm not too terribly worried about it. Would just be a nice QoL change, if it ever happened.