It actually took longer to get the badge off than it did to wrap it. You do need a careful hand and a sharp hobby knife/scalpel to cut the film accurately. Also ensure you work methodically with a heat gun/ hairdryer so that all the wrinkles are removed and the film has stuck down nicely. Took me about half an hour to cut and stick the wrap nicely, but another half an hour to get everything apart and back together again.
Separating the chrome front of the badge from the grey plastic mount is the fiddliest bit and there are several clips to work off before they will separate. Don't worry if one or two of the clips do break as there is an overkill of them to keep it fixed anyway.

In my opinion you definitely need to separate the two parts of the badge otherwise you cannot get a neat finish to the edging of the carbon wrap.