I like to remove the SafeSrap boot menu. Not the SafeStrap icon from the launcher.
I use the pattern lock feature to secure my phone. Nobody can access my launcher, and my datas, because when the screen switchs on, it's asking for the unlock pattern.
But when phone boots up, it's an option to start SafeStrap recovery and do things. And I'm afraid, one can make a special installable zip file that can remove my pattern lock. I like to prevent this by removing SafeStrap.
The thing is if you get rid of it and get he stock recovery if they want your data bad enough they will just run the exploits well know to get into the memory of the phone, best bet is just have the phone encrypt your data. Also don't save that kind of data on your sdcard.