Handling/Shocks/Damping....
Meh, you'd be surprised how many race cars are set up with springs that are totally unloaded at full droop. The rear of my car is the same way. It's not ideal if your car is leaving the ground (both wheels off the ground), like a off-roader, but otherwise no problem. In roll, the swaybar should keep the inside wheel loaded against the beginning of spring travel anyway, and the car just picks up that inside tire. If there is no swaybar, then the inside wheel is just left to roll along the road with no load other than its unsprung weight.
For pitch and roll, the effects are not just proportionate to the loss of mass, but also to the (presumably) lower CG height. The lower mass and the shorter lever arm of the reduced CG height will both lower the forces attempting to roll or pitch the vehicle. If you can get values for both changes and multiply them by each other, then you can calculate the proportionate amount of wheel rate reduction required to resist those forces the same amount as when the car was stock. The only good way I know of to measure CG height accurately is to measure the front:rear weight bias on level ground using wheels scales, and then raise the front of the car a lot (like 3-4ft) and measure the weight bias again. Applying geometry to the change in weight bias will tell you the height of the CG.
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