I removed mine. Just be prepared for swamp ass if you ride in the rain. If it's like mine, it's completely remountable, just 3 screws.
My 98' has 3 screws as well...very simple & easy.
I had a DP carbon touring hugger, covered the whole wheel. Took a dremel to it....made it into a "sport" model much shorter.
I love the look & it still gives protection to the shock etc.