by "gold valve" you mean the air valve at the end of the rail? The short answer is yes. There's more than one way to skin a cat. But you open yourself up to leaks. I developed a pea sized rust hole in one of the small down pipes off the rail. It was toward the back, one of the one's between the carb and the valve cover. I inadvertently found it when I was working on my carb and felt air pressure from the leak. You may not have this leak....mine was still hooked to the smog pump. But I guess it could leak back out from the exhaust port in the head.
the Hook comes off, but you'll want to torque the head bolt back down. The torque spec is 84-97 ft/lbs.