I guess if used just for racing a race or two, go for it?

Otherwise, stay off the ice.
I can vouch for regular NON studded snow tires in winter on my vehicles. I never believed in them and could probably get by without them in 95% of road conditions in winter, but the fact remains that they do slow you down braking MUCH better and better traction all around in the winter. I didn't believe it until I got a set used, like new, off of Craigslist.
I'd take a FWD vehicle with snow tires over my 4wd pickup on OEM P-rated tires in all winter conditions except VERY deep snow due to ground clearance issues.