Well its up to you on how you want to find a faster way out of the corner. Well if you have to ask, i did it without TCS & ASM. Yeah, sounds fishy but you should give it a try, you can gain time at places where you least expected (as there is no assist,the car can actually accelerate faster out of the corners, but be prepared for some understeer in some of the corners. But try to take the advantages of understeer with the out-in-out technique) Well,look at the results at my last few posts to see which settings i used the best.
Edit: Oh yeah,i forgot to mentioned the "power understeer"* technique. Its a technique where you forced your car to understeer into a corner. Its faster if you couple this technique with a out-in-out technique.
Well don't always rely on one person only. There are some others here which did more races than i did, so take any advice from them as well.