I know I could do a full-on front end rebuild and this would probably go away, but I'd feel like an idiot if I didn't figure out what has failed first.
You can remove it, but I would try to apply a lot of WD40 into the stabilizer bushings and see if the squeak goes away. It looks dry in the photo. I had that issue on my 69 and it worked for me. The same with my control arm bushings.