
Don't get me wrong, I like the look, but if you're at a track, don't you want a little more front-end
downforce?
Forget about how it looks

and get yourself a nice aluminum sheet... I kid you not, that lip looks flat enough to put a flat sheet of aluminum for a splitter on,
if you want. A lot of guys do that up here from the local racing forums... Time-attack, autocross... Everyone seems to have a splitter nowadays. I'm really just mentioning the possibility of getting a little more high-speed grip/turn-in out of her.
To be clear, the lip cant stay on, but those "stays" that you mention are there because the chassis of the car and the splitter (the carbon fiber piece below the lip on the M5) are being pulled apart by the aerodynamic force pushing the car down a bit. If you want, you can bolt it up to the frame behind the fascia (red bumper) and unbolt it when you come off of the track, then take the stays out...
I really am just tossing the idea out, just in case.
Bolts in, makes downforce, unbolts, looks stock. 👍