With no commentary in game to go along with it, I would not give the benefit of the doubt to the developers.
That being said, some ideas raised like "editing it out" are bad and in a way actually works as propaganda. It ends up washing away historic racism and allows for cultures and countries to control their image of how racist they were, so it's important that if history is shown in media that it shows accurate history instead of edited history that hides the bad things people did. Either don't have it at all, or show it with the bad (ideally in a context that doesn't seem like they support the bad things... which is what's up in the air especially given the other edgelord stuff in the game).
When Disney distributes and profits off of rereleases of movies that have blackface, but with the blackface edited out, it lets them gaslight about their history while raking in the profits from it, and can have cultural ramifications of bringing up new generations of people who have no idea that the media their watching was built with blatant racism and that our parents/grandparents, the politicians we choose from, the old men running media conglomerates, etc., were totally okay with it.