As cheap as complete uppers are right now, I'd say keep the upper you had as configured (if you like it) and just buy another complete upper if you're wanting a low profile gas block. I have a really nice Sionics one with DD rail I'd make you a deal on (it's for sale in the Parts and Accessories section, PM me and we can discuss price).
Having said all of that, if your budget is limited, hell yes cut it off and don't look back. Just cut the post and grind it down, no need to replace it completely. Then get a rail that works with a standard barrel nut and you don't have to disassemble the upper.