Just looking for a mod that enables the player to subtract XP as a penalty for dying. I am not sure if this is possible through the console. Just trying to find a way to increase risk versus reward. If anyone has a better idea or knows of other mods that penalize death I am all ears.

That's a good idea!
or maybe one that voids all saves upon death, it would make playing dead is dead alot easier and alot less tempting to cheat!

Well, if you feel like doing it through the console it'd be "player.rewardxp -1000". You'd lose a 1000 (or whatever number you replace it with) experience there, not sure what would happen if you lost enough to drop a level. Just wondering about aquired skills, perks, S.P.E.C.I.A.L. through perks that you picked up from going up a level. I might try this out later just to see what happens when you lose a level.