I always heard good things from the Tri-Lens, installed one on my mast and have been reported that I can be seen consistently. A radar reflector, fog signal, nav lights and AIS is all in hopes you don't get hit when visibility is low.
So if it was my boat and wasn't looking to remove it for and physical reason, I would keep it up there. If you hear your boat isn't reflecting at all (think that might be rare, but worth to ask someone with a radar) then replace it it need some added safety.
Besides, the jokes are an added bonus.