The goggles are a close-focusing accessory that are not used during normal use (e.g. distances from 3 feet to infinity). When you slip the goggles on, they depress a spring-loaded ball bearing in the mounting plate for the eyes, which allows close focusing of the lens. In addition to engaging the close focusing capabilities of the lens's focusing helical, the goggles correct for the parallax problem of doing macro photography with a system that does not let you see through the lens.
To answer your question plainly: the lens functions perfectly as an ordinary 50mm lens without the goggles, but you won't be able to use the lens's close-focusing ability reliably without it. BTW, this lens does not work in normal mode on the M8 without modification to the lens mount, but mounts just fine for macro when the eyes are on. If you buy a DR 50 without the eyes, you can purchase them for a lot of money used (e.g. ebay or Kevin Cameras or sometimes KEH). There is more than one type of DR 50, reportedly, and you must be careful that the eyes you buy match it. Also the lens head unscrews on this lens (for use with a Viso?) and the serial numbers on the head and focusing helical should match for best performance and resale value.
good luck,
Ben Marks