While it is true that when the e36 M3 came out a lot of M3 enthusiasts were dissappointed that the car was more just a hopped up 3 series, the original M3, the E30, as well as the newer E46 have a lot less in common with a standard 3 series than you would think.
The S52 (E36 M3 motor) is a very capable motor, but the original M3s S14 motor is much more of a race motor. 2.3l I4 that redlined at 7400rpm. This type of motor in a car is what makes a track monster. It didnt have much lowend grunt, but it made torque at high rpms and that is what matters for in gear acceleration. 0-60 times dont mean **** as far as lap times go.
When the E46 M3 was engineered a lot more work was put into developing a great motor for racing. The S54 is a big I6 just like the S52, but it makes torque at high enough rpms to have pulling power up to 8k rpm. On paper the M3 may look like an underdog to a benz or an audi but it is BMWs philosophy in building a balanced lightweight car with a potent race motor that equates to track dominance. Nobody spends more R&D money than BMW on developing racing cars, and even though their newer M cars are getting heavier and more luxurious as demand requires it, this R&D reflects directly on their M cars.
I think its funny how AMG or audi try and compete with BMW by pushing more torque into their heavier cars by slapping on superchargers or turbochargers and their cars still cant compare. It works though, as the average person looks at the numbers on paper and then claims on a forum that an S4 will smoke an M3.
MCX, If you are looking for a track only M3 I suggest you test drive a few E30s. While if I had to chose a car for dual street/track duty, the E36 M3 is a lot more comfortable. The original M3 is a much more pure car. Its very rewarding to drive fast, and easy to do so. It doesnt need much for you to be able to smoke cars with twice the power and pricetag. With simply Victoracer V700 tires, Hawk race pads, a chip and a harness you will be ready to be passing E36s, E46s, Evos, 911 turbos, and ferraris on track.
The R&D that went on in the early 90s developing the M3 into a touring legend allows you to build as potent a racing M3 that you can afford. At the peak of their evolution, DTM M3s made upwards of 380hp out of their 2.5liter 4 bangers, spinning around 10k revs. M3s that were raced in BTCC were required to conform to the 2.0l limit, they were destroked and revved to 12k.
A 380hp 2.5 would cost you a big chunk of change, something like 30 grand, but its a frigging DTM motor. You can spend much less and still have an incredible motor. I plan on doing a mediocre 2.5 build. Evo 3 cams in a mild head fed by a carbon fibre airbox w/ alpha N maxx piggyback EMS should get me past 270hp. More importantly when you drop the AFM for the alpha N setup you gain a ton of low-mid range torque.
This car is on display at the ///M testcenter in Nurburg.
Checkout
www.s14.net if you want to learn more. There is a wealth of information contributed by some really smart guys.
BTW, I just picked up GT4 a week ago. I dont have an M3 or CSL yet, but started building and testing an M coupe at the ring. It has:
stage 3 suspension
stage 2 NA tune
stage 2 lightening
street soft tires
clutch, flywheel, race exhaust, chip, and all the other goodies cept race transmission, stage 3 NA tune, downforce and super softs.
Im still tweaking with setup but I have come up with something that looks different than what a lot of other people are using. Try these settings on for size. MAybe not what you would expect as a fast settup, but you may like them.
F/R
ride height 97/95
springrate 8.2/9.0
shock bound 9/8
shock rebound 7/8
camber 2.5/2.4
stabilizer 7/3
with race tires I will likely use more front camber, but I like dont like using too much camber as the car is easier to control, and if I can pitch it at every corner perfectly i dont need such outright grip for high cornering speeds.
above setup yields 8:00.xxx at nurburgring, although I can clock 1:25 for that one sector time so I know i can shave a bit more. Not too bad for street tires and 416hp.
Cheers.