When I switched from the pad to the wheel I was left with the impression that the time spent on the other controller was basically wasted.
The pad was just more like learning the tricks rather than feeling and understanding what was happening. I had to start back from scratch, but now I'm finding it a little bit easier to change to a different track or car.
The situation is probably better with mouse, but I've learnt here of several fast drivers who don't really want to switch to other controllers no matter what, I guessed there might be more to it than just me completely snailfast
Modern technology? Does TU2 ring a bell? A slightly oversquare SOHC and no thrills And I'm sure ehrm more mature chaps can come up with even better (=older) examples.
Having top end power is just a matter of choosing a fitting cam profile, you'll end up with a peaky engine which is little or no good in the traffic, but in LFS we rarely rev it under 5k anyway (though the XFG pulls maybe a little too much from the low range)
Modern technology is all about safety, emission control and fuel economy, those do not rhyme with performance at all.
And besides, the entire hot hatch concept is out of fashion, even the small turbo GDI engines that are coming up are likely to be just variations on the emission control theme.