Seems to me removing this link would be the equivalent of hidden settings and a different (and not readily documented) workflow. This is the most logical place to provide the user with guidance on how to populate the location, which after all is where you have to set the location. If you do not provide a link here, the user has no idea how to do this any other way than manually typing it in. My fault to not paying any attention to it. Maybe make it more prominent (no just kidding). Without having the link here, the only option for the user is to study the manual and figure out for himself what the workflow is to do this more elegantly, ie. a second workflow requiring reference to the manual. Giving access to it here is best for the user, logical, and a single workflow.
If you are concerned about “hidden settings” that are actually additional optional functionality that does not all fit on the parent screen, there are dozens of other buttons and links in the program that would be included in this category. Two on the Sequencer dialog itself.