way to open another can of worms, haha. I have been guilty of it a couple of times though.
This debate could rage on and on, as it is a huge debate among gm ls based/lq truck owners (aka silverado 4.8/5.3/6.0) to gain a minute performance for no money whatsoever. Jist of it is that there is proof that it gains performance and there is proof that it loses performance, so most people just leave it on for the fact that it doesn't hurt anything as far as hp (maybe 1-2 at most).
I would leave it on for the simple fact that most people agree that it doesn't hurt anything.
In case you want even more info it is discussed almost daily on ls1tech.com in the 5.3 truck section and fullsizechevy.com also pretty regular and I know they have dyno sheets to support both ends of the "argument".