Extremely doubtful the deformation illustrated in the picture of WardenRoss's stop would deepen as that area is now work hardened to a degree. I'm going to respectfully disagree with him and say my opinion is that the stop is substantial.
You can see the lug is a considerable hunk of material.
You can also see that the travel stops are just as sturdy. In fact the left stop is larger because it is adjacent to the fork lock interface recess.
CalSprintster, your bike, so you do what you are comfortable with. But, I believe that you are approaching the correction of your problem from the wrong perspective. I realize your immediate concern is the bar to tank contact, and you see a need to relieve that. To me, the real concern is restoring the correct fork travel limit.
My concern with leaving the stop problem unrepaired is that the bar will definitely contact the tank the next time the fork experiences higher than normal forces in that direction.