All the posts I've read seem to indicate that the steel framed bikes don't really need the timing wheel especially with a stage 1 flash. If you set your timing to +1 or +2, I don't know that there would be a noticeable difference especially if pinging is still there. My thoughts would be the same and remove it and sell it. you are not losing much on this one.
2011 Cross Country. D&D's wrapped - VM1DR cams - PC5 - LLoyds high performance filter and ATS (Adjustable Timing system). Power output 115HP/115FTLBS tuned by KMC. Klock Werks flip shield - RF/PBR300x4 amp - Hertz HCX 6.5's - Victory 6X9 Magnum Lids - Victory XM - HMD Black Pull Backs with Victory performance grips. PIAA Led3 driving lights. accessories from Arlen ness - Witch Doctors - Noemtz Designs - Kuryakyn. Blacked out treatment powder Coat by PPC Stuart fl.