While the FB02 is down by what, like 60ish horsepower I believe, look at it this way.
Times will be slower, in fact the whole car is completely slower by roughly 5 seconds (test by AI first use; FOX vs FB02) at blackwood.
But look at it this way; how close are the races in the cars such as the UF1k, GTi etc.? Pretty darn close, and same with the MRT5, this is just opening up a closer racing style for large open wheelers.
After having a few races at the new SO track with 20+ people, we got jammed up, not wrecking each other (although that happened a bit lol), but that is one fun as hell car to be right on someone's ass and not have many worries like you do with dirty air in the Formula 1.
Which I bet is what we will see with the V1 series, is a bunch of knuckleheads racing like the SCCA Miata races (if anyone gets what i'm talking about lol), if you don't, basically those guys beat the crap out of each other quite a bit, but when V1 starts, I'd expect a LOT of action.