It is known that for general arithmetic circuits there is not much of a difference between standard model and one with division: any circuit with divisions that computes a polynomial can be simulated by a circuit without divisions with only polynomial blow-up.
However, in the non-commutative world, such a reduction is unknown. In fact, although exponential lower bounds are known for noncommutative formulas without division, proving lower bounds for noncommutative formulas with division is a big open question.
Are we aware of lower bounds for noncommutative circuits with division, but where every gate computes a polynomial (and not just a rational function)?