Just an update for those who were a part of this discussion. I put grinder to hood today. I decided against removing the hinges and going full pin on. I came to this conclusion because of the shape of the car at the cowl/firewall there really isn't a good solution for placing the pins where there's enough meat to the hood skin, that doesn't weigh more than the hinges. The good news is that this nearly halves the weight of the stock hood at least by the feel of the precision measuring tools that protrude from my shoulders. There is a big metal plate around the latch and the plates for the mounting studs are also quite beefy. I still have yet to acquire a scale but it feels like an easy 10-12 pounds on top of the weight saved by doing away with the latch and the prop rod. It's not super pretty yet but all in all, even with hood pin install (which I did previously) I'm into the project roughly an hour and a half. So, for $7.99 (Cost of hood pin kit) and a little time I've got what I feel to be a substantial weight savings off the nose.
I took it out and made a few higher speed passes in the car tonight (All high speed action took place in "Mexico", no nuns, puppies, children etc... were harmed) and there is a problem I do need to address, that may be helped by some forthcoming aero-mods I want to apply to the front end.
I brought it up to 90mph or so and at that point, due to crosswinds or the flex I've introduced to the hood the air does get under it and shake the ever living S out of the hood. I've spent the past few days geeking on road race aero and I think some of my plans will help alleviate this. At normal highway speeds, even with side winds all is well.