Remove it completely and keep it in car and then get it welded again, its fine. You dont need to change it unless its damage. Its just a metal heat shield.
Bad fuel mileage, difficult start, missing, idle hesistation or fluctuation, loss of power etc.
Read this interesting article that someone forwarded me
http://www.aa1car.com/library/cm1196.htm
Engine sits on 3 - 4 rubbing mounting known as Engine foundation. If any or all are cracked or torn it creates tis vibration. Get it check and changed as its not expensive. But its irritating a lot.