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Accurate representation of observed driving behavior is critical for effectively evaluating safety and performance interventions in simulation modeling. In this study, we implement and evaluate a safety-based Optimal Velocity Model (OVM) to provide a high-fidelity replication of safety-critical behavior in microscopic simulation and showcase its implications for safety-focused assessments of traffic control strategies. A comprehensive simulation model is created for the site of study in PTV VISSIM utilizing detailed vehicle trajectory information extracted from real-time video inference, which are also used to calibrate the parameters of the safety-based OVM to replicate the observed driving behavior in the site of study. The calibrated model is then incorporated as an external driver model that overtakes VISSIM's default Wiedemann 74 model during simulated car-following episodes. The results of the preliminary analysis show the significant improvements achieved by using our model in replicating the existing safety conflicts observed at the site of the study. We then utilize this improved representation of the status quo to assess the potential impact of different scenarios of signal control and speed limit enforcement in reducing those existing conflicts by up to 23%. The results of this study showcase the considerable improvements that can be achieved by utilizing data-driven car-following behavior modeling, and the workflow presented provides an end-to-end, scalable, automated, and generalizable approach for replicating the existing driving behavior observed at a site of interest in microscopic simulation by utilizing vehicle trajectories efficiently extracted via roadside video inference.