No, you can eliminate it, because when you connect the newly loaded drive to the WD, wd.tv will be re-generated – anytime a change is made to drive wd.tv is updated… Every so often some of us just delete it, as it can get corrupted, and a fresh re-do can sometimes help.
The fact that you are copying existing files to a new HD is irrelevant, so the WD files on the old drive are, too.
It’s as if you are copying completely different media to the drive, so just put the media folders/files on the new drive, and when ready, connect to the media player and it will take care of the rest.