try it!
it will cut the amount of light entering into the scope, so in low light dawn/dusk it might make a difference, but the "stuff" is so close it is impossible to focus on and you will not see anything there. The image entering the objective is focused into the eyepiece in a manner that any part of the object can be covered and the full image will still be seen, just with less light, hold your finger in front of the scope, and block off 3/4 of the area, you won't be able to tell where the fingers are.
I think the material is not so much to cut down the glare to the scope operator, but reflection off the objective making the "sniper" detectible to the enemy. They make much more complex inserts to do that, basically a hollow honeycomb type of thing.
Poole