The pin is disconnected by ATA standard. Most 80 conductor cables have it filled. See Wikipedia for info on the cables.
That said, unless you were having data corruption issues where you think it may have been the cable, an 80 conductor cable is unecessary on a G3, which only has ATA-3 DMA mode 2 - 16.7 MB/s. 80 conductor cables didn't even enter the standard until the next revision ATA-4 UDMA mode 2 - 33.3 MB/s, and didn't become at all 'required' until the one after that, ATA-5, UDMA mode 4 - 66.6 MB/s.
It is also 100% safe to modify either end. Apple didn't use the pin for anything custom, they just used a header with all the pins. If you want to ensure that you never plug the cable in backwards, you can snip the pin off the motherboard. Removing the filler from the cable is more difficult.