Why we do deep ripping 

Texas gulf coast here. Heavy clay soil and flat as a pancake. We run rippers as fast as possible in preparation for our rainy season in September/October. Love the 11 shank Wilcox plow.

Corn on corn was my first ouch.

so the soil has no worms left or micobs

To break through the hard pan resulting from plowing year after year at the same depth.

Would there be any benefits to burning corn residue or would it be detrimental to yields?

Corn should not be grown yeau after year