I don't want to cause confusion here but I felt that I had something to offer. I used to work in the Design Department of a company that supplied accessory drive and timing drive components to the OEM automotive industry and spent some time reviewing and overseeing a number of OEM Design projects for a variety of motors from small bore I4's, through OHC V-8's to big bore slow revving diesels.
The answer to this question is that there is no hard and fast rule as to whether you can "safely" remove the balancer from the front of your motor. All motors are internally balanced to some degree. If the OEM can provide enough counterweighting inside the motor to negate the 1st, 2nd and 3rd range crankshaft harmonics then they will do it internally. Sometimes they can't and they are required to add sophisticated harmonic dampers to the front of a motor. This could be to dampen torsional crankshaft whip from setting up accessory drive or timing drive harmonics, it could be to minimize crankshaft whip to increase the service life of the bottom end bearings or it could be to dampen power pulse spikes from setting up operational range driveline harmonics.
I have seen some very scary harmonic effects from not fully balanced crankshaft harmonics. From accessory drive brackets moving almost an inch in vibratory motion which can lead to brackets cracking and failing, to belts jumping off pulleys, to timing drive belts setting up a standing wave which moves up and down the untensioned side of the belt (rpm dependent) till it ultimately causes a belt/tooth jump. I have also seen driveshafts in RWD cars start to whip under loads using unbalanced engines.
Now that I have caused all kinds of confusion I will try to give you a rule of thumb that I would use. Every extra part on a motor adds weight, cost, assembly complexity and reduces mileage. This is especially true in a rotating assembly. If there is an external dampening device on your crankshaft, the original OE designers felt it was absolutely needed to prevent something not very good from happening in the normal duty cycle of your motor and car. You can take it off, but expect bearing life to be reduced. Unless the engine is rebalanced to the new counterweight situation you can expect your peak power to be diminished, but your acceleration to that point to improve. Talk to your engine builder about having the motor rebalanced or accept the possible upsides and downsides to removing the external damper. These things may not apply to your situation in a race application, but I expect that they will so look into it a bit before taking an uninformed chance.
Eric