None of the L2TP/IPsec implementations I have (seem to) have any configuration possible for key exchange. My routers allow encryption and hash selection for raw IpSec. The version of Windows I use allows encryption and hash selection at the 'firewall'. But in all cases where algorithm selection is possible, it seems to have no effect on the native L2TP/IPsec client.
Is that just an accident of history, or does L2TP/IPsec imply a standard selection of hash and encryption algorithms for key exchange?