The oil pressure the builds up in the hollow of the nose bore of the crankshaft is being vented back through the hose and adapter. Without venting that pressure you will blow the front plug out of the shaft and have a big oil leak. If you wanted to remove the hose and drive adapter to save weight then you could remove the front plug in the shaft and pierce the rear one to provide a vent for the oil pressure and then install anew front plug. Of course if you ever wanted to go constant speed, you would then have to replace the rear plug with a non pierced one.
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