Congratulations on joining the dark side! For what it's worth you've gained the respect of sim racers by switching from those "games"
On the lap time front, you should be happy with that time. However to put a dampner on your confidence (it's the internets speciality) the world record laptime is a 1:06.260, the fastest mouse driver managed a 1:06.410. so there's time to find out there! But if you can get into the 1:10's or even 1:09's you're doing very well
you press "2" to save a replay. then give it a name. it's then saved into your /lfs/mpr/ directory.
And sticking to the standard setups is okay until you're comfortable with just lapping in the car. To get some speed up I suggest a good setup.
Head over to
http://www.setupgrid.net/1/setup/endu and fine yourself an FXR setup for BL1. You then paste them into your setups folder (in lfs directory of course)