Yes, it is unfiltered air. No check valve. But, the stock tube is a molded tube with reduced I.D., so the inlet is small and the tube runner length makes for very small air flows.
Block this off if you can guarantee that the carb overflows will never block or the drain tubes will never have mud wasps block the exits.
If you check your oil before every start to make sure the oil isn't gas contaminated, no worries.
If you aren't worried about sucking in a pool of gas and hydrolocking a cylinder, no worries.
It will probably work fine with that inlet blocked for a long time, and then one day...
Cheers,