For a comparison I did recently between my own times around Top Gear test track, I used Comfort Medium.
Firstly, look at the tread pattern of the comforts. This is want you find on a normal road going tyre. The Sports tyre is a track-day type tyre (think amateur/enthusiat weekend drivers), whereas the Racing tyre is a specialist slick (Touring Cars, F1 etc.).
My own car has Bridgestone Potenza rubber, so I would equate this to Comfort Medium. Hard to me would be a budget tyre, and I know there are stickier road tyres than my own that do less miles, which I would say are the Comfort Soft.
That said, my lap in GT5 was about 7 seconds quicker than my RL time, and was quicker than the Stig's actual 350Z lap! Something wrong somewhere! I would expect a true to life being about 3-4 seconds off Stig over a one and a half minute lap: actually beating Stig's time in game says there is something amiss. Exact same car, manual clutch, TC on and dry track. Either the track is too short in game, the car is too fast in game, or the tyres are giving too much grip. The grip feels about right though with Comfort Mediums, as with Hards there is little to no grip at all (not true to life).
I wonder if this is why PD left out the "reasonably priced cars", given lap times in GT5 would most likely not compare closely to RL. Just guessing.
The track itself is accurate though and I enjoy driving it! :-)