I haven't looked at one on a tr, but if it's the same thing on a 4th gen fbody, then sure. Bypass it. All it would do is keep the intake from icing up in very cold weather. I've had mine off for years on my fbody and had no problems. Also haven't heard of any problems with other fbodies. As far as the pro's, hot coolent running through the throttle body would add heat to incoming air. And we all know that colder air is more dense and will get you some more hp.
