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You can strip the personal data associated with your tracks in other ways. The process just used is lossless, which means that it doesn’t further decompress the file. Another approach is to burn your tracks to audio CDs and then re-rip them into iTunes, but that process is both slower and lossy—it degrades your audio quality.
You can also search the Internet for free and paid options that allow you to accomplish the same goal of stripping out your personal information without sacrificing audio quality. However, most of those tools are actually designed to remove DRM restrictions from your tracks, which iTunes Match-provided tracks really don’t have.
The built-in option in iTunes is fast, painless, and free, so this approach is your best option.