I can comment on the 90 racquets as I have done this modifications and more with my KPS88s.
The bumper guard (top portion only) for a KPS88 is about 9.8 grams in weight. All of the grommets/plastic total about 19 grams. If you cut the outside plastic and even the middle portions out in betwen the grommets on the top part, you will cut the weight almost in half to about 5.6 grams. Generally 5 grams at the handle end of a racquet will gain you close to 3 points HL on a racquet. (Tennis Warehouse has the modification spreadsheet that also shows this.) So by trimming the headguard you will probably gain about 2 points HL (depends how far the guard extends down the sides of the racquet, size, etc.).
If you trim the rest, you will save about another 5 to 6 grams but because it is closer to the balance point the effect on the head lightness of the racquet is reduced. I found on my KPS88s that by totally trimming a lot of the plastic from around grommets (leaving some to make sure they werent going to pull through when stringing) that I gained 5 points of head lightness.
To me, the loss of the headguard is insignificant as the KPS88s, K90s, etc. have so much material that they can take the abuse easily. But if you are person that has a tendency to "push" the racquet into the ground when hitting low pick-ups etc. then this is not an option for you. My doubles partner does this all the time and he basically wears off the guard and into the graphite and thus a racquet barely lasts a year for him.
Here is a little test that I did on one of my KPS88s to strip the paint off of it to get it even more headlight and to see how it affected the stiffness, etc.
http://tt.tennis-warehouse.com/showthread.php?t=377378&highlight=paint+trim+weight
Even going from 16 to 18 gauge tennis string will also gain you about 1 point HL.
Hope this helps.