If I understand what you are saying, you want to replace the 110 volt element with the 220 volt element and convert the dryer to 220 volt operation. Using a heat relay, as Toggle suggests will definitely preserve the timer since you will not be running the voltage for the heaters through the timer contacts. We even put those relays in old electric dryers we restore for use to save the timer. Another good reason for using the relay is that the 220 volt timer is different than the 110 volt timer in your dryer because on some models of 220 volt dryers like yours, the timer had a time/temperature auto dry cycle. Since it is a different timer, it might have heavier contacts to handle the heavier voltage, but using the heat relay will allow you to continue to safely use the 110 volt timer. The 110 volt dryers would not have the heat to make that type of cycle work, so when the appliance rules mandated that all dryers have an auto dry cycle to save energy, the 110 volt dryers had to be equipped with an electronic dry control for the automatic dry cycle. The 220 volt model also has a delicate heat cycle or temperature selector. You are smart to keep the dryer. I have not heard any of the 24 inch European dryers that are as quiet as the 24 inch WP made compact dryers.