Yes, but be careful. The ARC actually runs an essential function, even for a race car - THE REAR BRAKE LIGHTS. On the 3.7 I took it all out and wired the rear brake lights myself. However, on Roxanne the ARC was perfect so I decided to leave it in. Even for a race car, some of the ARC functions are quite useful. I'm thinking of:
1. Low oil level,
2. Low coolant level,
3. Possible critical ABS failure (a combination of lights).
I don't run the ABS function, but I have the ABS pump etc run the brakes. Hence, a total failure is nice to know off

Oh, and 2. has previously saved my behind on the track...
But yes, I removed some wiring from behind the dash.
Jes
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87 Milano Verde - daily driver -
Juliet
87 Milano 3.0 Motronic - budget race car -
Roxanne
87 Milano 3.7 24v - race car
(Repeating what I suggest or do is at your own risk - be critical)