For Auto-X yes. BUT.... the car will be tricky to control at highway speeds. It will get very very twitchy. I usually don't recommend anyone completely remove it since the car could become difficult and dangerous to drive. If you want it to handle better removing the front sway completely will help the car rotate better. I would seriously suggest not doing this. Leave the stock one on or get a smaller front bar.
Switching to a thinner front sway, say from an LX or EX car can help a bunch with balance. If the one you bought is the same size as the stock bar but has a soft setting then do that. I have not seen anyone try this route yet so I don't know if its possible but it should be and the parts to do it are pretty cheap. You would need the bar, model specific end links, and the mounting bushings. If it is a thicker bar you bought, it will effectively make the understeer worse even though the car will stay flatter with less body roll.
My car has the 22mm rear sway and the smallest front sway available. On the highway changing lanes you can sometimes feel the back end wanting to come around. It really only gets loose feeling over 75 mph. The faster you are going the more you will notice these type of problems. At low speeds there aren't enough forces to cause certain things to happen. Its still unsettling and I don't like to suggest people do things to their cars that could cause them to crash.