Not sure why you would get an error when adding to your form. I have tried this in C# and VB under .NET 2.0 and 4.0 without errors. If you'll tell me the error, I may be able to help more.
To remove the "Synchronize across Time zone" check box, simply set the UTCPrompt property to an empty string.
To remove the "Synchronize across Time zone" check box, simply set the UTCPrompt property to an empty string.