Not a good idea......
1) its called a 1/4 pounder because it is 1/4" thick steel. It's not going to be easy to cut without using Plasma, or lasers, or light sabers, or some other alien technology. Basically you would ruin it
2) it is as minimalistic of a bumper as you can get, which means it was designed to not take up any more room than necessary. Unless you want to not run a winch, which is the only location you could squeeze the lights into, there is no other place for the lights to be frenched into. If you do choose to try and work the lights into it while running a winch, there are huge gussets and webbing behind that flat outer skin. The gussets are also made of 1/4" thick steel.....see #1