LP5002IQ fix & upgrade

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I just got a Linear Power 5002IQ from a friend - it's in working conditions however there is a resistor that turned brown (can not read the colour coded). It's the one circled in the picture. I looked into the other 5002IQ I have but this resistor (soldered to a diode) is not present.

So
- does anyone know what is the purpose of this resistor+diode?
- are they really needed?
- do you know the resistor value?

BTW, I'd like to remove the small board with the DIP circuit as I don't use it - this should make the signal path a little bit shorter (& better?). Someone has any hints?

Thanks😀
 

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