If only real cars could set gears in 0.001 steps.. Sadly the ratio of available cogs is much more limited. Its one of those small things that I'm just mentioning just in case its not on the long 'to do' list yet
Well often they re-engineer the entire tranmission to whatever ratios and final drive setting they wish. In F1 engineering for example, whatever ratios they want to achieve they simply engineer into their gearbox, just like we can in LFS. I don't see our setup options for transmission as being a brand-name gearbox with limited options, I see it as an opportunity to choose what I think the best ratio will be for that car. This makes me the engineer in LFS and that's what I prefer over choosing a few settings from a limited range of options. In some race series the regulations would specify a type of box or what mods were allowed, and in this circumstance a limited range of options may be very acceptable. In the pure race cars in LFS I think the current system is valid. For the road cars or future restrictive classes (that may or may not evolve) some restricted tranmission would not be unrealistic.