Under New Mexico statute 66-8-115 : Racing on Highways, its illegal and worth a good 6 points on the the ol' license. I rather not contribute to a streotype or statistic with insurance or the law. Plus I seen what happens when its clear, it goes from clear to not clear very fast; little kids racing bicycles down a sidewalk that isnt in view, the other guy gets to serious and loses control of his car, and my favorite, the undercover cop with the local police departments street racing task force (in NC, they use the fast impounded cars from drug dealers).
There is no 100% safe street racing, because there isnt even 100% safe track racing. Kill stories are only good when a timeslip can prove it, without a timeslip the kill story is ricer fodder.