I've done it a couple of times,without too many ill effects!
....I used the gel type remover (and a nylon/plastic scraper) which is much safer (and easier) than trying to sand down or use abrasives which does cause real problems...whith toxic dust everywhere!
Take your time,wear suitable gloves...and eye protection ect (especillay if you're doing the job on a trailer,which you can also mask up/project where nessisary)...do smallish areas...and put down plenty of paper/dust sheets to collect residue...cold water does kill the active agents in the stripper and should be kept handy....and for the final wash off before polishing.
It is messy process but well worth the effort! ...and once removed you can re-buff the hull to a good finish with a mop and compound...just take care on the edges of Chines and straight edges with power tools
I know anti foul is a necessity for some ....but if you don't need it 100%...don't do it