I can't imagine a mechanic noticing either the module or block off plates. They would have to be very familiar with a 100 series and specifically looking for it. Let me put it this way, when I had my truck at Slee, admittedly they weren't looking for it, but they didn't notice it until I pointed it out to them. If you have other stuff going on in the engine bay like a dual battery, compressor, and/or fusebox, it would be virtually impossible to see it.
Yes, you can install the bypass after a failure (that's what most end up doing by default) and yes, you can install the module on the trail and wait until you're home to do the block off plates. That said, if the valves failed and stuck open rather than closed, it's possible that hot exhaust gasses could get through and potentially damage something else if the block off plates aren't installed. Personally, I wouldn't worry about it.
Thank you very much for your reply. This helps a lot.