Ok, so I raced online all night with a varied group of racers. Some had MR2s (MK1s MK2s and MK3s), a few Loti, a Miata, and a heavily modded civic. The power restrictions varied from 200-300HP throughout the evening but the weight restriction was around 750kg so some of the Loti had the weight advantage over me. My MK1 behaved very well on the track. It was quick off the line (faster than the lighter Lotus) and predictable in the corners. I won a few races on the tracks I was familiar with but it requires smooth driving and consistency to get around other cars on the track. I had a few clean passes but most of the time I got around people when they made minor mistakes. At no point was the car fighting my driving style though. Here is the tune I settled on:
Power
200-299HP (add/remove bolt-ons to maximize lobby restriction)
Weight
910kg
Intended Driving Options
ABS: 1
Everything else: OFF
Tires
Racing Soft
Downforce
None. I did not install a wing.
Transmission
Top Speed 120-147 (depended on track and hp restrictions)
Differential
Initial: 0/20
Accel: 0/40
Braking: 0/7
Suspension
Ride Height: -25/-25
Spring Rate: 6.5/10.0
Extension: 7/8
Compression: 6/5
Anti-Roll: 3/3
Camber: 1.3/1.5
Toe: 0.10/-0.15
Brake Balance Controller
Brake Balance: 6/4 ***
*** I tried 4/6 and 5/6 but the tail got very loose during high speed trail braking like turn 1 of Suzaka or the final turn of Tsukuba. Changing this to 6/4 on the fly with my DFGT made a big difference instantly. It reduced the oversteer and made the car more predictible at turn in.
Overall this is a very fun car to drive. It gets lots of funny comments on the track. One Lotus driver was trying to pass me on Tsukuba and couldn't get around. "Look at that MR go! You must be really working those gears!" He was about 1-2 seconds quicker on that track but couldn't get around me.