This is a Delta Ring:
You will need a barrel nut tool to remove it. This is a decent one:
Yes, you will need the torque wrench too.
If you have to remove the Delta Ring, you'll have to remove the barrel nut. If you remove the barrel nut, you'll have to torque it properly when you re-install it. The beam type torque wrench is the most reliable for a reasonable price and doesn't need any special handling.
I almost forgot, to loosen/tighten the barrel nut, you'll need to hold the upper receiver. To hold the upper receiver without crushing it, you'll need the upper vise block clamp. So, you might as well get the whole kit:
Or, you can just drop by and we can do it together. I have all the tools already.