I spoke with a long time Bosch tech one day late last summer and asked him about running without a plate. He said the rack will bang against a stop that it is not designed to do on a regular basis. Eventually that will fail and really screw up the pump. Sounds like some can go quite a while - are they on borrowed time?
So, first of all, what's the point of running with no plate? Yeah, you can get all kinds of fuel. Generally far more than you can efficiently burn. So you get gobs of smoke and piston-melting temps. OK, you can control that with your foot. Hope your good at that. In the mean time you're wasting a lot of fuel and putting undue stress on the engine. Just cuz some fuel is good, and more is bettter, a river is not necessarily ideal!
On the other hand, you can put in a plate, even if it's a 0 plate, and avoid (or at least reduce) the chances of killing the pump. When you consider that replacing the pump can cost easily $1000... $2000... more? One has to ask, is it worth it?
Just my useless opinion, but I woudn't risk it. Not when I can set up the pump to put out more fuel than I care to use and not have to worry about killing it.
-Jay