Removing the pins is not the best solution. In addition to conducting electricity, the pins keep the rails in alignment. If you remove the pins, you need to keep the rails from touching each other, yet keeping them in alignment. You could use a couple of O gauge insulator pins, but that might create too much of a gap for the FasTrack to click together. So, in order to remove the pins, you should also cut one of the rails a little shorter to allow for the extra gap needed for insulated pins. And for the best installation, you should make a 3d print of a properly shaped insulated pin.
Using a Dremel to cut a slit in the rails is OK, but you need to be careful that each section of rail is held by two sets of tabs. You can do this with full sections of track, either straight or curved because they have four sets of tabs, so all you need to do is cut the slit between two sets of tabs on the left and two sets of tabs on the right. FasTrack has little plastic pieces extending up into the hollow rails and they should keep the rails in alignment. You should glue some small insulator into the slit to be sure the rails cannot touch each other.
The best way, of course, is to use the accesory activator track system. Maybe you could use the two 5" pieces with curved sections between them by removing the jumper from each of those curved sections. The 10' insulated section can be used as a standard 10" section elsewhere.