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While the pin technically is a part that is keeping camber fixed, there's no practical increase in the chance of things moving around. Nothing to worry about. It's a part used in the factory to line things up and isn't structural.
To your first question, increasing negative camber increases toe-out. For the street you want a hair of toe-in (factory spec) and for the track you want either 0 toe or a hair of toe-out. Perhaps others can chime in on how much toe out you get when you adjust after removing the pin. But to be on the safe side, I'd recommend at least a front end alignment to make sure things are still where they should be. A wonky toe setting can chew through tires pretty quickly.
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