Impact of dropping a class listed on transcript for preread?

If you want to run the risk, go for it. I think several of us here have made it quite clear that schools do clawback acceptances. And they have deep waitlists. You are also potentially putting the coach on the spot. Again, as I noted above, this is highly variable but if it is T20 school, I wouldn’t risk it. At the end of the day it’s your call.