Maybe I've just been lucky, but personally I think the throwing studs scare is overrated. Not saying it can't, won't, or doesn't happen, but I don't think it's as common as some would make it out to be. You hear the horror stories, but you don't hear from the many more who have never had a problem (knock on wood). I've probably 20,000 miles under my belt and never had one pull out or tear out. Bent maybe a handful. None of the guys I ride with have ever had problems, either.
That being said, I don't ride it like I stole it. Maybe more aggressive riding increases the chances of throwing them, I don't know. But to me, it's an acceptable risk. Better a stud through the cooler and be able to walk or be towed out, than to lose control, crash, and be hauled out by EMS.
No matter what, though, studs are no substitute for common sense and riding according to the conditions. They're just an added margin of safety.