It works fine. Since it removes coils, each remaining coil will have to flex more to give you the same travel as before, and therefore it will be effectively stiffer, and ride a bit harder.
Cut no more than a 1/4-1/3 coil at a time, then reinstall and bounce or drive. If more lowering is desired, do it again.
Rears are easy to do this, fronts are obviously more difficult.
Measure the ride height at the fender at all four corners before you do this!
I have FRPP lowering springs in one car, and cut coils on the other, and both seem to ride ok to me.
Use a cutting wheel to cut, a saw takes forever. If you cut too much, get new isolators to raise it slightly.