Yes, although if your system shows his HDD to boot from, I'm guessing the Windows 7 install on that HDD doesn't have boot info and you're going to run into problems when you put it into his machine - and without a DVD to boot from, you aren't going to be able to run fixmbr or run a boot repair from the setup either to fix it. I'd suggest (strongly) putting the Windows 7 DVD on a USB key and installing with the HDD in his netbook.
As to removing the option, yes. There's a tool you can run from a command prompt called
bcdedit which allows you to modify the boot options for your system. You would run
bcdedit /enum to get a list of boot options on your system, and then
bcdedit /delete {<insert GUID here of boot object from list>} to remove a boot option.