@Tourak There is a full gallery here of him, if you check some of his photos, bulge is clearly visible. This photoshopped pussy is just his way of hiding his penis. https://e-hentai.org/g/3426770/57a68626e4/
Not gonna debate the ethics of gay porn or cross dressing but I do want to point out a couple facts about this cosplayer. First, they never correct anyone who calls them a girl. Second, they're Korean. Seeing how socially taboo it is in Korea to change your gender I think that them posting stuff like this might be some kind of affirmation, they might have dysphoria and just be afraid to be seen as a freak so they use this as a way to see their "ideal body" and post it online. That said I'm not into guys, but I do think it's an interesting angle and I hope if they are struggling that they get some therapeutic help because delusions with affirmation just get dangerous. Edit: a slight specification on it being taboo in Korea, since unlike Taiwan and America it's very socially frowned upon to transition sexually, or even to question your sexuality. Maybe dude just likes pretending he's a girl though I don't know his life.