Context: My furnace supplies tank-less domestic hot water to my small house. The cold water pipe going into the furnace has a "flow control" component that limits the flow to 3gpm. I understand that higher flow rates could result in my domestic hot water not being fully heated before it gets to a faucet because it went through the furnace too quickly.
Problem: This "Flow Control" component has failed (from age), and only allows a small trickle of water though. (I am certain it is this component because I have way to vent water from either side of it.)
Question: Since water flow is limited by my faucets and shower anyways, can I just remove the component instead of replacing it.