For a photographer that picture is very lacking I’m still trying to make sense out of it. In your defence all the plumbing systems I have seen for Webasto are confusing at best.
IMO it would not hurt to keep the loop to the engine open all the time and you believe that is what the device is for? If so leave it alone as long as the engine continues to preheat and if that ever stops simply remove it.
You could replace it with an electrically operated solenoid and give it a switch to control it. CC uses them all over the plumbing systems.
I am not completly convinced your arrows are all correct.