First off let me quote the American Wood Council PRESCRIPTIVE RESIDENTIAL WOOD DECK CONSTRUCTION GUIDE (which I recommend looking through).
MANUFACTURED WOOD I-JOIST: Many new homes constructed with wood I-joists include 1" or thicker engineered wood products (EWP) – such
as oriented strand board (OSB) or structural composite lumber (SCL)
including laminated veneer lumber (LVL) – as band joists (or rim
boards) that can support the attachment of a deck.
However, some older homes might be constructed with band boards that
are too thin (less than 1") to support a deck. In such cases, a
free-standing deck or a full plan submission is required.
You asked:
Question 1: I assume that if these clips are still being produced that it must be code assuming proper lag screws and spacing have secured the ledger board?
Yes.
It doesn't matter how the joists have bearing, whether it is a hanger, ledger, or beam. Just use the appropriate hardware/fasteners for the application.
![Joist-to-beam connection](https://i.stack.imgur.com/oU3vn.png)
Question 2: If I were to cut away the masonry and lag into the 2x6
studs for the ledger support, would this be a sturdy code compliant
ledger board?
Back in the "good old days" when homes were balloon-framed they would use let-in ledgers or ribbon boards to support the floor framing (which was also nailed to the studs, though). So, it is doable, but you may need special permission or even engineer's drawings/specs for approval (might also include blocking and extra hardware). Either way, I would say it is not exactly ideal, but at least you could use structural screws like Ledgerloks or GRKs, since they are smaller diameter and self-drilling and not nearly as likely to split the studs.
![Balloon Framed, Ribbon Board w/ fire blocking](https://i.stack.imgur.com/CRTpA.jpg)
(balloon-framed, ribbon-board (ledger) and fire-blocking)
![LedgerLOK](https://i.stack.imgur.com/9jI8s.jpg)
And finally, if applicable, if I were to cut away the masonry to mount
a ledger board, I would be worried about water possibly penetrating
and getting behind the decorative masonry.
You would have the same worries doing the same thing when cutting out siding for a ledger. Flashing to the rescue :)
Question 3: What is the most appropriate way to prevent water from
getting behind my ledger board or the masonry?
Again, flashing is the most important part (aside from proper fastening). You have to lap the flashing properly with the building paper. Just remember the direction water flows so the surfaces have to lap the same way a shingle would. See image below for a good illustration of proper flashing. You can also read this short article describing some of the flashing material choices.
![Ledger Flashing](https://i.stack.imgur.com/7rO8E.jpg)
After all that, I would say your best bet is to verify your rim board thickness and do a normal ledger. The second best option is a free-standing deck.
Just be careful there is a lot of bad advice and information on the internet!
Besides safety and practicality mentioned by isherwood... part of the answer is money... the size of the hanger is related to the cost of the hanger. If you make or sell hangers in bulk, then every cent matters (customers like walmart and lowes will buy the hangers that are one cent cheaper per 100 boxes). If you only need to hold a certain weight, then there's little benefit to oversizing the hanger.
Another other part of the answer is that purlins are part of a (steel) roofing system. You cannot have the hanger sticking through the roof.
But If we are just talking about joist hangers in general, tops of the joists will be level with the header if you install them level. The hangers that wrap around the joist will need room below the joist (just the thickness of the hanger - not very much).
Where joists are the same size as the header, hangers that wrap under will be protruding at the bottom (if the top is level). Sometimes that doesn't matter, or if it does, then using hangers that don't wrap around the joist are necessary.
![enter image description here](https://i.stack.imgur.com/h7sYh.jpg)
EDIT- After seeing the second edit to the question, I now understand the issue. I think you could notch the joist (1/8") to fit in the hanger (or use a different hanger).
![enter image description here](https://i.stack.imgur.com/2cQS1.jpg)
Best Answer
Simpson Strong-Tie makes a “Face-Mount” joist hanger for “rough lumber” that can be custom ordered up to 8” wide.
It’s their HU Series. When ordering just add an “X” after the “normal” size you’d use. (Example: HU28X and then specify the width required.)
Btw, you can use the HU load tables for determining allowable loads they’ll resist and use the same fasteners, (i.e.: SD Strong Drive Connector Screw or substitute 10d common or 16d sinkers, where noted in the charts.)