I ran my tires at 33/33.5 F/R for the first 2500 miles and just went to factory 36/36 for a run on my usual loop yesterday.
For me the the lower tire pressure felt better, the higher pressure added an "edge" to the road feeling that made everything feel sharper. That may suit some people, but for me I like a softer/compliant setup rather than laser sharp focus.
My tires lasted for @2,500 miles at the 33/33.5 with two track days in there.
The lower pressure will provide a larger contact patch for sure, however it also makes your wheels more susceptible to damage on the road. You can get away with lower track pressures since the risk of a pothole or large debris is far less. However, if you ever decide to upgrade the wheels and shell out $2500 - $4000 for a set, you may want to rethink the lower pressure strategy on the street.
My dealer recommended closer to 40 psi here in Dallas because of the poor conditions in many areas.
Even if you have wheel protection, the coverage will not replace the wheel if it is slightly bent, but can still hold air in the tire. They will typically only pay out if it can no longer retain air.
2014 Panigale 899 - Red
Termi Exhaust, Rotobox Wheels, NRC Fender Eliminator, Rizoma Rearsets and Reservoirs, Yoyodyne Slipper Clutch, Ducabike Clear Clutch Cover, CRG CF Levers, DP Fuel Cap, 'R' Seat Cover and Decal Kit
R&G Radiator Guard, Fork and Tank Sliders
2015 BMW S1000RR - Red
HP Wheels, Yoshimura R-55 LE Exhaust, Competition Werks Fender Eliminator and Integrated Tail Light,
Rizoma LED Indicators, Fuel Cap, and RRC Levers, Bonamici Rearsets, R&G Sliders and Rear Spools