Never Ever, would I give my car a bath like that. Better ways to lose weight then a acid bath that helps to randomly destroy your cars body.
Anybody who dips a race car body in an acid tank is likely not too concerned with the long term effects on the sheetmetal. To those guys, it was a disposable race car and R/D test mule not meant for resale or street duty. Their only goal was to win the next race, they did what they thought needed to be done to gain an advantage.
Kinda crazy when you think about it the lengths they went to make the cars lighter. Like you said, most guys wouldn't think of doing that now. But when the cars were new and just bodies in white, it was no big deal.