If you are running a single tank, you could probably easily redo the wiring to get rid of it. It's easier to see on the diagram of the system (the EVTM is your friend!). The valve has the switching diodes to move the valve as well as switch the sending units. If the valve is not needed, you could rewire to have the fuel selector switch change between sending units (if you still needed both for some reason).
1 sender only: Jump the appropriate wire (Yellow/Light Blue for Rear, Dark Blue/Yellow for Front) with Yellow/White wire at Selector Valve Connector.
2 sender: Basically need to disconnect (cut all wires to) the Selector Switch (Red to terminal 5 will have Power). Yellow/White wire from fuel gauge needs to go to Selector switch terminal 2, Yellow/Light Blue to Selector Switch terminal 1 for Rear, Dark Blue/Yellow to Selector Switch terminal 4 for Front.
Cheers!