This noob voted yes.
Why? If you haven't heard about a previous lawsuit against Dodge, specifically the Viper, read
THIS article...
Racing, road, drag or otherwise would not preclude anyone from exercising their rights under the warranty. If you haven't done so already, read your owners manual where they give you scheduled service intervals for severe duty which includes racing.
The gentlemen involved in that lawsuit against Dodge were drag racing and as hard as they tried Dodge couldn't have their cake and eat it too (man I love bringing up that analogy!); you can't market a vehicle as the ultimate performance machine and have it fall on its face and grenade on the track, and use that as an excuse not to honor their warranty.
Mods? I love it when people try to argue the Magnuson-Moss Warranty Act. Arguing that with the dealer is like arguing with a guy whose holding you up that their breaking the law. Once the VIN gets entered into the database and the warranty is voided, un-ringing that bell is a tough road to travel. Dodge would have to prove that the mod was responsible for the failure, and anything that increases the output of the engine arguably places more stress on it and its related components (tranny, rear end, etc.). The MMWA was written to protect the aftermarket who were offering LKQ (like kind quality) OEM
replacement parts, air and oil filters, etc. The best way to determine if your dealer is mod friendly is to ask your friendly neighborhood Viper tech. Dodge would be none to happy about warranty fraud but if the mod in question is reasonable (intake, exhaust, etc.) then they may work with you...
Why did those gentlemen prevail in their lawsuit? Might have something to do with their legal prowess and experience as attorneys. But their case established precedence, which is usually the toughest hurdle to get over...
FWIW