There are pleanty of beautifully restored examples of these cars. A little cutting and welding on some lower quality examples isn't going to hurt anything and after all, the owner - owns it. It's his and he can do what he wants with it.
All I ask is that it's done in a responsable way. After all, I have to share the roads too. Well not me, but my mother lives over there and drives. Fast cars are fine and extreme mods are fine too. But during my mechanical engineering education, I found out about strengths of materials and processes. The inspection stations in this country have found out some things too.
Their requirements: No welding on suspension components. All repairs - original shape and strength.
My recommendation: No welding on forged components. Maintain structural integrety. If cutting the chassis is required, replace the strength with further bracing elsewhere.
Gosh, I ramble too much.