Sure, you can use a voltmeter in place of the ammeter. Get along OK with nothing at all if you want, put a clock or vacuum gauge in the hole.
The shunt I used was 3.5" of 16 AWG wire, just mounted on the back of the ammeter. Here's a shot of it (taken as I was parting out the car, so other wires are already disconnected). As Art noted, it converted the ammeter to be approximately 60-0-60 instead of the marked 30-0-30.
Having tried both (the Stags have their original voltmeters, essentially the same as the TR6 unit); I much prefer the ammeter. It is a little harder to interpret, but gives much more information and also gives you the situation right now. For example, a quick glance when parking the car tells me if I've left the headlights on. Tap the brakes, tells me if all 3 brake lights are working. Etc, etc. I even use it to see when the radiator fan is running.
At least with the Stags, the voltmeter is also inaccurate, since it is affected by the voltage drop through the wiring and ignition switch. With everything on, that can be a volt or more, which is more than the difference between battery being charged (a bit) and discharged.
But obviously it's a matter of taste.