AhBull, here is my personal setup for Fanatec GT2 wheel for GT5. Try it for yourself and report your opinion if you want.
I had many problems with going from G25 (in my case) to GT2, because overall feel of the force feedback was just not quite right. I enjoyed the great build quality and overall feel, but something regarding force feedback effect was just non-defined. I was constantly fighting with understeer and damping and wheel was always having some kind of *heavy* feel. Another problem was lack of fast-countersteer (where G25 excels) and unresponsive wieight-shift.
I tried literally every setup I could find on the internet but none of them was matching what I wanted from the GT2. And then I stumbled on solution by chance, with latest introduction of prizes for Drift races in Seasonal Events where I finally used Drift mode setting to get rid of everything that was bothering me.
Key to achieve maximum performance of Fanatec GT2 (and not just GT2, my friends are also having Fanatecs and after this setup they are using it on their PWTS wheels too) is usage of maximum setting of Drift mode and in-game calibration of steering degree (called Sensitivity on function display).
My settings are following (in game options FF is set to 7):
Sensitivity (SEn): OFF (when on "OFF" it actually uses game settings for steering degrees > I use 900 on S_2 setting for X360/Forza Motorsport)
Force feedback strength (FF): 90 (100 makes belt/motor squeetch which annoys me)
Vibration strength (Sho): 30
Drift mode (dri):
5 >>> key setting
ABS: 25 (I like to feel the vibration early and use it to my advantage - on pedals I have potentiometer set to 80%)
Linearity (Lin): 0
Deadzone (dEA): 0
Spring: 0
Damper: 0
Drift setting is the key of GT2 performance IMO. At this point I am running my GT2 on Drift 005 maximum setting. Drift somehow lets the wheel to turn and eliminates the "weight" I had problems with. Overall force feedback effect is now more pronounced and I managed to replicate all G25 performance after some time. Also, countersteer while turning (when car is actually self-countersteering thanx to tire-thread simulation) is finally here, together with actual feel of steer over rumblestrips.
To conclude, in my personal feeling, key to max out the GT2 is maxxing out the Drift setting. Google also told me that Thomas introduced Drift mode in 2009 as some kind of reducer of the overal resistance of the wheel. Technically, Drift mode reduces the basic dampeing of the wheel. It allows faster, precise and more accurate steering and finally allows me to replicate my G25 lap times and tire-wear progress which was another problem I combated with on GT2 (on tire-wear-sensitive-cars <Lexus Racing Concept for instance> GT2 was somehow adding a more oversteer on the front wheel and was *eating* tires much faster than G25. Now, with Drift setting on 5 I can finally control steering input 100% and control my tire-wear).
With settings I noted above, Fanatec GT2 has finally become my ultimate wheel and totally replaced G25. I use the same settings for Forza, with exception of Sensitivity *900* (to have full 900 degree steering) and I also have much better and more accurate feel of driving.
Also notice this one, since I see you're very fond of hardware >
Japanese factory Frex produces a beautiful sequental shifter called Shifter+. It is 100% compatible with GT2 wheel (and all PS3/X360 games I've tried so far), all you need is to solder open-wires to some PS/2 port and you're ready to go.
http://frex.xsrv.jp/gpshop/catalog/product_info.php?cPath=1_23&products_id=60
Shifter itself is the most rigid piece of machinery I ever owned, it is practically indestructible and it improves the actual immersion of driving for me to another level > you can molest it as much as you like, as you would in some touring car. It costs somewhere around 100 euro, and I presume that shipping costs to HK would be symbolic. Here is the picture of it when I initially bought it, notice I mounted it on the left side since I took photo before disassembling Fanatec shifter mounted on right.
Have fun, cheers 👍