Actually, you can chop the springs get a stiffer rate. If there are 10 coils, and one coils is cut off, the spring rate will be about 1/10 (10%) stiffer...if all else is equal (and that's a big "if"). [edit: Dave, you beat me to it!]
But PC is correct too...there is no hard and fast answer and you will have to test, test, test.
I dropped my car down until the front sway bar mount was *lightly* kissing the road at one of the bumpiest sections of Pocono. After fitting slightly new dampers, I discovered that the sway bar wasn't even coming close due to better dampening....so I dropped it a bit more.
Really, it depends on spring rate, dampening rate, the bumps on the track surface and a host of other things.
Just for reference, my Sprite has 2.75" of static ground clearance at the closest point (front sway bar mount) and the other Sprite I race has around 4"
One of the most important things to remember with dropping a car is that the front steering geometry needs to corrected afterwards. Otherwise, the car will have horrible bump-steer and the toe-out-on-turns will be all messed up.
Many of these "lowered, slammed tuner cars" have pathetic steering and are very "darty". Most probably have poorer handling than if they were at the correct ride height.