I run a 1987 Novakar F500 as an autocross car.
@stefan not sure if you mean your local track or not but the vast majority of cars running are still in F500 configuration. There were only 2 bike motored cars at the 16 RunOffs. Thus far F600 as only won the RunOffs once. At Solo Nationals it's all 2 strokes. I'm a former motorcycle racer so I think the 600cc bike motor is a cool package but the fact is something like 90% of the cars are running 2 stroke CVTs.
Whiskey business there are a coupe of things to ponder; first the class is a spec class. The 4 cyl 600cc bike motors are stock expect the exhaust and they have to run a inlet restrictor. So now wild cams over bore etc. The 2 stokes are also stock except the pipe, the choices are Rotax 494, 494 reed valve and Rotax 583 with inlet restrictor. They all make around 100hp at the wheels. Weights are 800 or 850 with driver dependent on motor configuration.
I contemplated the bike motor swap but Jay Novak ( former Ford engineer & designer builder of Novakar) told me to stick with 2 stroke and CVT, especially for autocross.
The CVT is infinitely tunable, no need for $4000-$6000 close ratio box. You tune them by changing the springs, spring preload and flyweights. You can tune the engagement RPM, the upshift and what is called the back shift (down shift) $200 will buy all the parts you'll ever need to tune the primary clutch and the secondary. To service the units you need 4 special tools that will run you about $130.
The suspensions use rubber pucks and you make your own, you just order the sheet from McMaster car and then use a hole saw to cut them out.
Engines are cheap, as they are stock the retain the oil pump so you don't even need to premix oil and gas. I bought a Rotax 494 several months ago for $600. My car still has the no longer in production AMW motor. Autocrosses get something like 5 seasons on an engine. Road racers at the regional level will go 2 seasons.
There is only one tire, Hoosier R25 compound slick and the are $170 each. You can run 20 autocrosses on them. Not sure how much mileage road racers get out of them but I believe it's at least 3 weekends. For autocross you run 7.5 wide tires on all for corners to counter act not having any sort of differential (at low speeds it behaves like a car with a locked rearend)
I run a silencer on my pipe because, despite being raised on 2 stroke bikes, I find stingers annoying as well.
As for speed, they are equal to Formula Fords and at local autocross the only things faster are shifter karts.
4 years ago a friend let me drive his 06 Novakar, right after that I started shopping. If you look at autocross videos with telemetry you'll see they'll do 0-60 in just on 3 seconds. A coupe of guys have run them down the quarter and pulled high 12s to mid 13s. They pull 2gs in a corner and like most formula cars they everything right now.
I'd stopped going to local autocross for the most part. I have a Datsun I vintage race and use at track days but once I drove the F500 it was an instant this thing kicks butt, I need one of these.
The plus side of the CVT is you can let anyone drive it without worrying about them over revving the motor or abusing the gearbox. Last year we invited a friend of my son to drive it (he's a drift kid with a turbo 240SX) and he was blown away by the performance. The young man has a good bit of natural talent and he admitted he made himself nervous in a coupe of spots because he couldn't believe how far beyond a street car it was.
I've had my car for a little over 2 years, I paid $2000 for it $1400 to ship from Michigan to Vegas. I spent $300 upgrading the radiator, adding an electric fan and other bits to make it more autocross friendly. I've spent $400 on tires and will need to buy a fresh set ($750 mounted) this summer.
Check out F500.us as it as a lot of good info; keep in mind this site is the 2 stroke stalwarts who are still peeved about the bike motored cars (long history to much to explain here) they are super helpful and very welcoming.
Apexspeed is the other place and there is Formula500.org but that doesn't get much use anymore.
Tom