Keep it installed if can be safely removed, car painted, then reinstalled. That is if PHS denotes that dealer actually sold the car. I would keep it because it looks authentic and adds a touch to the car.
Si Vis Pacem Parabellum
1967 Starlight black PMD Engineering 400 Auto 1968 Alpine Blue 400 4 speed 1968 Verdoro Green 400 HO 4 speed 2013 1LE 2SS/RS Inferno Orange Camaro.