There is a similar event in Auto Racing called IROC. Internation Race of Champions or some such.
They get 12 Drivers in identical blueprinted cars from several different racing styles, nascar, Cart, IMSA, BTCC, Rally, Dirttrack Etc and pit them one against the other.
The concept here is to test your racing prowess, efficiency and agression / Strategy while removing the vehicle from the equation.
Turns Hangers, and such would be a serious test of pilot skill to win. there was this exact thing in a game called "Chuck Yeagers Advanced Flight Trainer". And I spent entire DAYS racing against my recorded "ghost". I think the idea of an Arena with standings would be an absolute blast. Hrm... Perhaps someone would like to establish a dedicated H2H session with race maps and publish the results?