I've not seen anything to mess with, no. The intake cam phaser would not be happy if it was that far out I would think.
I've always put the non-variable water pump back in, as the originals sometimes break that collar off and make a swishing noise and grind themselves up. But you do have to keep the control solenoid so the ECU thinks its doing something, so that gets transferred over to the new pump even though it is rendered useless.