A peep is really nothing more than an anchor reference. It pretty much forces you to anchor the same way each time or you can't see through it. So, if you can develop a good, solid and repeatable anchor, then it's not needed.

At least, that's my opinion for a hunting bow. I'd definitely keep the peep for target and 3D.

Of course, I cut ALL the clutter and got rid of the sights too.