With enough money, a good set up and modern advancements it should be possible to better those times or at least get close with lower spec.

My 205 gti 1.9 had a reputation back in the day for lift off oversteer making them go ditch finding backwards....my old one use to love getting the back end out.....now with modern tyres you cannot unstick it on the road, even in the wet. I am sure you could on a wet track but it just goes to show rubber tech from early 90's to now has moved on so far.