Thank you!.
I am on PC, however I've tried to change my hairstyle (my hair only) using your system and I have found that ... I lose my racial bonuses!!

Yeah. That happens.
There is a way to pass it, though. Instead of choosing OK when you finish with your character's hirstyle, you should create a new save while in the character menu and load it. This way only the characters looks will change, not the skills/bonuses.
It worked in Oblivion, so I think it should work in Skyrim too.