Won't say it can't be done, but it's usually not worth it. If it's not _PERFECTLY_ centered on the ferrule, it will be a problem. When you're working with the kind of glue that works best for tips, you can't reposition the tip. As soon as it touches the ferrule it's there perminantly, or at least til you cut it off to replace it. I've replace a bunch of ferrules for people who've tried and ended up trimming the ferrule to the tip!
Are you sure it's the pad that you "can't stand"? It's been my experience in the past that a pad makes no noticable difference in the way a layered tip plays. It could be the tip you're not used to, or even a tip not glued properly at either glue joint. If it's a matter of the extra height, you could trim off a layer or two of the tip. Most of the players I install layered tips for, have me cut them nearly in half. Same with the thick water buffalo tips.
just more hot air!
Sherm