The bumper is the only thing that will save you if you happen to have a un-fortunate accident at the track or on the street. It is the only thing that saves the motor from taking the impact. I don't think it is worth taking that chance....IMHO

You may want to look at getting alum. bumper supports, these still are better then no-bumper at all but are not recommended for the street, Steeda sells them.
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My Ride Check Out My Site 91GT, Holley SysteMAX II Kit-Heads 2.02" x 1.60",Full MAC exhaust 1-5/8" Long tubes, 2-1/2" O.R H-Pipe, 2 1/2" cat back, 12" K&N Filter, RNH PERFORMANCE Ram Air, Ron Davis Radiator, Full Suspension,3:73's, Welds, Best on new motor-12.60 @ 108, no traction 1.98