Health, it is so poshut that I do not think I need to say anything more. I will take another shot at your arguments, however.
Do not give these me these ultra-Yeshiveshe zachen of “this was worn for generation, and that was not” (which is basically the whole mekor for your opinion!). Do not put into Chaye Adam something which is not there.
For something to be assur because of chukos ha’Goyim, it has to be pritsusdic. The nose ring is not objectively so. It is no different than an earring It does not matter what was worn and what was not!!!