How do you all want to set race up? By HP? weight, both?
I'm not a big fan of restricting assists, since not everybody is the same skill of driver. What we normally do (just to have fun) is the following:
No restrictions on driving aids
boost high
light penalty & damage
Reverse starting grid
Host picks 1st track and 1st type of cars only
After each race last place get to pick pick either cars or track
(generally helps since some people have fav car or track & laps)
2nd to last can pick whichever category last did not
For example
Racer A comes in last, when returning to lobby the have choice of track + laps or car. Racer A picks 450-515 HP NON race car.
Racer B comes in 2nd to last they choose Top Gear Test Track 8 laps.
We started doing this a few months ago between 4-5 of us and it has made most of the races very competitive.