Which pin did you lift? Have a pic? You seem comfy with component repair - are you considering upgrading the card to 128k?
The flash chip is circled in yellow in the picture below, the picture was taken before I disconnected the leg. The write protect leg is the 3rd one to the right of the dot on the corner of the chip, pin #3. It appears to be a standard pin out for these chips but not all cards have pin #3 connecting to anything. If it's left floating the chip is not hardware locked, on this card it was connected to a bunch of other pads, probably ground. To disable the hardware write protect you just disconnect that leg from the board. You could cut it but I desoldered it and lifted it off the board.
I probably won't replace the flash chip with a 128k one. It looks like the reduced ROM doesn't really have any negative effects on new world mac's if the card is passively cooled. On an old world Mac it looks like you loose video in open firmware and the boot screen but I am using it in a blue and white G3. I think most reduced firmwares delete the fan control so on a card with a fan the fan always runs at 100% which is annoying. I had that problem with a flashed x1900 in a g5 and had to add an external fan controller. Luckily the Radeon 7000 is passively cooled.
I am definitely comfortable with component repair. I semi regularly do surface mount stuff and this was far from the hardest thing ive ever done. The hardest thing I've ever done was fabricating and soldering a new leg onto a memory chip on a Radeon 9000 from an MDD. I dropped the card and broke a leg off flush with the package on a memory chip. I was able to file back the epoxy on the top of the chip and solder a new leg onto the lead frame of the chip. I attached a few pictures of that to if you're interested. Theres a missing leg next to the one I replaced its N/C on that particular chip so I didn't bother to replace that one to.