Why does GT have to "do justice" to any one "racing series" (I didn't realise "motorbikes" was a series!) anyway?
Indeed, look what happened when they did do 'justice' to one specific series, at least regarding the car line up, namely NASCAR (or one rally season which just happened to include a few manufacturers in real life too at that time).
People complain there aren't many NASCAR tracks, say they're all the same bar a different livery (despite all having a completely different interior) or after we received a complete season batch for free, demanded the next season as well.
Completely ignoring that GT isn't a NASCAR game or can never be fully dedicated to one series in particular (maybe PD is to blame for that confusion by including so many NASCAR cars and making such a big deal out of it so that some thought it could be an alternative to those EA NASCAR titles and bought GT5 specific for that purpose only to find 2 tracks to use).
All we can hope for is a similar choice in cars for other series and indeed as tools for us to create those series, in fact, the amount of different NASCAR cars is even arguably too high for a game that tries to offer as many different experiences as possible, I'd say having about 5/6 cars of every series (hypothetically) is preferable to having 10/20 of a few.
What were we talking about again? Oh yeah, bikes, which aren't a series but a category of vehicles like you said.
Tourist Trophy didn't even include things like MotoGP or Superbikes (as they didn't have the license), the only thing that would consitute a series perhaps were a few of those Suzuka 8 hour bikes but they mostly relied on RM version of roadbikes and a few genuine old race bikes.
Again going away from the topic

, the whole excuse of taking time/resources away from cars is completely ignoring the prospect of a standalone TT title doing exactly the same or even to a higher extend.
I still have to read a convincing argument why the 2 games can't be incorporated into one game, be it split into 2 different game modes if you will or as optional DLC content if you must.
The only argument I've read that might indeed cause an inconvenience is when you use a wheel for GT and the switch from wheel to controller being an annoying thing.
But then again, that would also be the case if you bought the 2 games as standalone titles and then there would be the extra inconvenience of swapping discs and loading times so that isn't much of an argument either I suppose.