awap:I've never seen it before (all my Mk2 stuff is older) but it looks like a thermal insulating bushing like they put on the Mk20/25 piston to reduce freeze ups. It probably also takes the place of at least 1 IP adjusting shim. I'd leave it off but save it unless you are diving cold stuff. This is one way scubapro implements upgrades.
Wait till you see all the extra parts you get in a Mk20/25 kit.
I will never dive in water too cold for my 3mm. Thanks!