Yeah, there is. The idea would be for GEMS to detect a Reports-X-Y folder where X is 1 and Y is the major version number of the GEMS release. For example, Reports-1-17. Right now the folder is just called Reports. Easy enough.
Problem is that this requires a new GEMS version to implement. Since the whole motivation for this is going back to old versions, that doesn't help much. I suppose for support purposes, doing an update for 11, 14, 15, and 17-latest would be better than nothing. You just need to remember to be running the latest for it to work.
Note that this really only effects the plebes in support though, since customers keep to one version. This one might cost extra.