NHRA is happy with either DOM or ERW (electric welded tube). The rulebook does not speak to the use of sch 40 pipe that meets the dimension criteria so I suppose it would pass tech.
I went to the Discout Steel website, the place I buy my material locally. Comparing 1-5/8" diameter, 10 gauge I find 204" of DOM is $99.40. ERW and 1-1/4" sch 40 bare steel pipe are both about $45.00 for 240" lengths. So, no point in using pipe. DOM is a little more than double the price of ERW. Using DOM might add a few hundred bucks to your project, but if the total project is $8,000 then that difference isn't a big deal.