Personally I wouldn't. My rational is that while I was getting service (for free under warrentee) another gentlemen was shelling out probably 4 grand. He or his friend pulled the kill switch (exact name escapes me) and the wave of water ran up through the exhaust into the engine or cylinders. A friend tried to restart the boat and pulled water further into the engine.... cylinders may-be. They had an inferior boat / inferior engine, but it was enough that it makes me worried about launching too fast, accidentally leaving the rear straps on while launching and/or never shutting off the engine while moving with any significant speed.
Not sure this could happen to our boat/engine but seems to me the flap prevent an initial flood of water from backing up the exhaust.
My 2 cents.
B