Absolutely. I set the TCS to reign in the most extreme of wheelspin, which is useful for things like the start and accelerating out of slow hairpins. Similarly with the ASM, just a little is useful for taming the extremes, but otherwise, you need a bit of instability and wheelspin to work the car, especially when you're off the racing line trying to pass someone!
I love going up the inside of someone into a hairpin, and using instability to generate a little weave with the tail, that makes your off-line turn-in much easier.
As for the driving view, I agree with BCN, that it depends on the situation. I tend to choose the view that's most appropriate for the car: sometimes you can't see over the top when you're in chase view! And the Yaris that I won, and then used in the Yaris series was the most vile shade of pink known to humanity!