Glad to hear about another Spec racer joining the group!
Along this forum and others, there are various discussions about this to check out if you are interested to see what people have come up with. I would be one of the boring people that think that giving the car it's only engine running feedback device (the O2 sensor) is helpful. They definitely do NOT slow the car down if everything is running as it should be. Without the O2, the car will go into full-rich mode, which is not a big problem, but you don't get the variance of fuel/air mixing that the DME can give you at all the other throttle positions. I also would think that the car would change from full-rich in some situations, even under open-throttle situations.
That being said - it has not been a problem to run a car without them. In the big picture, it would be lower on my list of projects, particularly in your case of a chassis-refit of your 944.
Again, welcome!