I would say ya, take it out of TN-70's file, as well as the 'TN347' point and merge it all together @ the "US11W_N' point.
As for TN-347, I'd keep the 'TN70' point, but rename it as 'MainSt_E', and then add the 'centered' point for both TN-70 & US-11W on the overpass for the graph connection.