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I think you will be fine with the key. I don't think that 2003 lancers had the chipped keys. I know my 2001 eclipse did, but I had 2 non original keys for mine and never had issues. the eclipse would start but die without the OEM key.
What you will need to bypass (if its a manual tranny) Is the clutch sensor. If your in an auto I think no mod is necessary, but if you have a manual don't forget to leave it in neutral or your car will try to drive away.
One time when I replaced my starter in a Chevy luv, I reconnected the negative terminal to the battery and it fired up and stared cruising down the block.
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