If it is for normal mileage road use, yes there is a very good reason. It will suffer fatigue fractures after a while, and as it is the most highly stressed area of the shell, and essential for driver protection, the consequences of a structural collapse could be very bad. The loss of vital stiffness in the bulkhead decreases shell torsional stiffness and degrades the handling. And, too much stiffness in the lower dash rail and parcel shelf is very dangerous to the front passenger, which is why in about the 1980s large parts of the steel parcel shelf were cut away. Mess with safety-related structure at your peril.
In general, things that are intended only for the very low total mileage accumulated on the track are unsafe and illegal on the road. Changing parts of the monocoque like that also requires that the car is subjected to an IVA test, which it will fail.
What can be done for competition use only is determined by the rules of your particular governing body.