If we are talking about road racing and 1/4mi drags, yes weight savings is crucial. However, I have yet to find a road racing track that will let a 3 wheeled slingshot run with cars or motorcycles. But in 1/2mi top speed runs, weight becomes less important but adding down force (essentially MORE weight) to stay planted does become more important so you can deliver the power to the ground efficiently. As far as tops go, most of the tops out there are not terribly heavy since they are made out of light weight tubing and canvas or plastic and poly but either way performance is going to be more affected by the additional drag created and not the actual weight of it. I would say that it is safe to say that the majority of this niche market is not concerned about shaving ounces and pounds though. Especially when you can just brute force your way through it with a turbo.
just for informational purposes TravAZ has done a good deal of track time with his Slingshot on the track with the cars I dont remember which group it was that was allowing him to run, but perhaps he can chime in here with than information
this is one of his many track videos