Opinions will vary greatly on this, just like what's a loud exhaust and what's acceptable.
Here's my .02 cents after over 100,000 miles in 4 Vipers (about 30K on the track) with OE suspensions, Motons Club Sports, Moton Motorsports and OE ACR KW's.
The ACR OE KW shocks are adjustable over a very wide range. The other KW Variants, not so much.
You can easily change the spring rates on the ACR OE shocks, like Motons. Other "set and forget" type shocks are OK for the street but are really too soft and can be dangerous on a race track. Several of our local club members have tried them and upgraded for track use.
"but what specific advantages can I expect to feel on a road course?"
You will be able to control your car much better and can adjust for different tracks or even different track conditions at the same track. With a good alignment and set up, body "roll" will be much less and more controlled. Hard braking will be much more predictable and controlled. You will be much more comfortable in high speed turns and will run faster lap times, safer. Tire wear will also be improved. You can adjust for "understeer" and run larger tires up front if you'd like, etc.
You can also add "aero" later if you decide you want to improve you track experience.
Will I be making a sacrifice in street drivability?
Yes. It's a trade off. However, if you are mechanical, you can easily change back to "street" springs and "street" shock settings.
Once you get accustomed to better shocks and spring rates, you will have trouble going back to the "over sprung" and "under dampened" OE set up on the Gen III cars.
And, the Gen III and Gen IV shocks ARE interchangeable. Geometry is the same.
Good luck,
Dan