Road Racing or Drag Racing?
Sounds like you're talking about drag racing ... which is a lot of wear and tear on any vehicle. I'm sure you could get away with a couple runs, i mean i rail mine like i'm drag racing sometimes! Haha!
Road Racing is what the bike was built for; if you're talking about this, then hell Yea!

Get it out there!
Once i get my bike in better shape i plan on doing a track day with it.