one thing iv learnt down the years is you dont need massive power to have a good track car, just look at the clio 172/182, quick brake upgrade and suspension tweaks and they are fantastic.
traction is pretty good tbh but thats prob down to the choice of tyre, the r5's do seem to put the power to the road well, just look at the 1/4 mile times they produce.
christ mate that sounds like a mad project im sure theres people out there who can do it.