oil system

A few months back I picked up at 750 and noticed the former owner set up a few things incorrectly. One being the oil hook up. The oil was set up correctly going into the engine but one of the overflow tubes was zip tied beneath the seat instead of being put into the back of the engine. I have...

So I have a 1975 750f is it possible and ok to be rid of the oil res to get a more clean look in the frame?. This is going to be my first cafe project and the one I will keep for a very long time so any help or words of wisdom are much appreciated thanks again in advance