I've done stupid setups, I've done setups that seem somewhat less crazy, and with manual I can only hit low 2.04's, using a fully modified (no turbo) 500, may as well just stick with second, besides what I got from the 23 ticket was disappointing, a BMW McLaren F1 Racer, so yeah >_>
My elise tune was as follows;
465PP, 195BHP, 759kg
Aero 0/20
Ballast 101kg @ position 0
Engine limit 68.3%
Transmission at 130mph
LSD 10/9/5
Ride height -25/-25
Spring rate 6.5/10.0
D. Extension 7/8
D. Compress 6/5
A.R. Bars 3/3
Camber 1.3/1.5
Toe -0.10/-0.15
Brakes 5/6
Fully modify this girl, full weight reduction, power, etc; limit it down and add the ballast. I used a low RPM turbo, little difference between the turbo's though, but I'd recommend lower because of the track personally, although if you feel it going sideways on you, ditch the turbo altogether and just go with less limitation on the engine. You could try ASM although it really can hinder you, you're better just mastering throttle control on the car really. Oh, and I don't know if it helps, but it I did better when it was yellow
.