IME, rtbs's are usually pretty good with other community fish of an unlike appearance. What other fish do you have?
The other fish in your tank will learn where they can go w/o being entering the rtbs's territory and they should all live in harmony. It's usually just a quick chase with no harm done anyways.
I would suggest you put the coral somewhere in the tank and always leave it there. Otherwise every time you move it, the rtbs will make a new territory and the fish won't understand the boundaries right off and the cycle will have to continue.
IMO, I would leave him in.