" and if its like an appendix, can I just cut it out."
If you do, you will be removed from all EM discussion threads never to be allowed to participate again! LOL
10 point reel related to match. 1000's and 10,000 point reel related to replay scores. 100 point reel, no need for wiper PCB.
Are you sure that's worn off? It looks more like it just has some nasty deposits on it.
For most of us, the last thing we would do is start removing parts from a game and leave it how it was built for the next owner to enjoy. But in the end, its your game, your property, do with it as you see fit.
As other's have mentioned, if the knocker sound is what bothers you, simple pull one lead from the knocker coil.