after removing the fuel tank on my bike, I didn't notice fuel was trickling out of the overflow pipe, this went unnoticed for many hours, and as a result the foam on the underside has turned to mush....

so I've removed it completely, my questions is, how important is it, what's it's purpose.
according to the ron ayers micro fiche, it's called a muffler, does this mean it's sound deadening?
how important is it?
and seen as replacing it is going to cost over £30 (for some poxy foam) do I need it???????