Double check with the EMS. From my experience, this is a typical starting requirement for ICT - 100% net coverage.
However, each rule has an exceptions. A perfectly good coverage can be retained even if you omit some critical nets - you'll want your feedback net of the SMPS to be the smallest possible. If all other nets pass the ICT and FCT is good, then no one will care if the FB net didn't pass the ICT.
The same goes for the parts of the RF path and similar.
Just make sure you communicate the tradeoffs clearly with all stakeholders - that there is a good reason behind your concerns.