I like to simulate what I see when driving at the limit, the closest to this is Hood.
A better view (with a G25, G27 etc.) would be internal but without the wheel, higher and further forward than in GT5P.
When driving quickly you do not "see" any of the interior of the car it is registering in your peripheral vision only, in a rhd car you "see" the top of the steering wheel and the right hand pillar, but that's it. To "see" anything else you have to move your eyes/head, with my perfect view head tracking would take care of this.
In my opinion, Chase is only faster if you don't know the circuit, as it gives you a much wider and longer angle. Bumper, like Hood gives you the advantage of feeling the cars subtle movements, but does not let you see where you are positioning your wheels.