I'm not sure how different the Civic ingition switch assembly is compared to a Miata, but in the Miata a single screw (or maybe two, can't remember) holds the cylinder to the actual switch part. What I did in my car is to take the whole thing off the car...from looking at online diagrams, it looks like a simple job in the Civic, and that maybe a single recessed screw from the back allows removal of the cylinder. Looks like a bracket with two screws holds the whole thing to the column. I'd remove that, disconnect the switch, then you can Dremel or chisel your way in to remove the pin.
I know people that have: removed the spring and RTV'ed the pin in place, removed the spring and screwed the pin in place, and opened the whole thing up and removed the pin completely. I opted for removing the whole thing. I just took a cold chisel to the cover and took the little block/"pin" out.
If I were you I would not drive around (let alone race) unless you secure the pin, or even better, remove it.
That's my opinion.
Regarding an alternate way to turn on the car, I think for some people it IS a safety issue, either because it's hard to restart the car if it dies, or because they will turn it off accidentally with their knee (seen it happen).
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