I use settings a bit different from inferno:
Springs: for FR, full hard in back, soft in front. I'm not sure the front makes a big difference but the hard rear does.
Height: full up front and rear
Camber: the full front camber seems to help on some cars, but not all. Zero in the rear always.
Toe: never
Stabs: Don't think they matter
Downforce: Oddly, I find that the FRs do better with full rear DF (minimum front) at the 400m, but minimum front and rear for the 1000m.
Tires: I use Normal in front when possible
Gears: critical, but vary from car to car depending on the torque/hp characteristics. GT1 had great torque and hp vs rpm charts that updated as you added mods, but they were discontinued in the later versions.
These settings, on a Viper GTS were the fastest FR 400m at racing-line before slipping to number two, and then being deleted due to the recent political imbroglio there. The time was 9.091 I believe.
4 20
127 127
10 1
1 10
12 0 camber
0 0 toe
3 3 stabs
60/60/5
1 1.988
2 1.422
3 1.138
4 0.945
5 0.800
6 0.673
F 3.660 (tranny trick)
2nd gear start with the tach bouncing over the redline, finish in 5th if I recall correctly.