I don't think there is anything manly about willingly wanting to crush capillaries in your back, though I do think the foam pad is too thick to control the weight.
I prefer the middle ground and that is wrapping a towel around the bar. It doesn't leave welt marks on back and at least for me offers more support than the bar alone.
Then again, I also like to wear gloves too so I can focus on the lifts not whether my hands might slip off the bar....guess that makes me a pussy.