Hi Philip,
Tie the two pins (pin1 and pin160) together doesn't affect MC68376 functions, which looks like TouCAN module works in loop back mode.
While, that design will bring big potential risk.
I just imagine a scenario that if the board replace MC68376 chip with previous MC68336 chip one day, especially FOR REVISION C (D65J MASK SET). It connects the chip VSS and VDD together.
So, if possible, I would not recommend to tie two pins (pin1 and pin160) together, handle two pins separately with external pull down/up resistors. Thanks.
best regards,
Mike