Sorry for the delay, but trust me, you guys don't want me on this forum right now. I'm not the PR guy, I'm the guy that's building stuff. That said, I need a 20 minute break:
Bodywork
We just got in the wooden bodywork leaves Monday night, and I've been a madman in the newly-built composites shop. All the skeletons are done, the hood buck is 70% built, the trunk has been mocked up and is being built now. I'll bring in my SLR tomorrow, my cell phone camera won't focus. I don't want to put up blurry shots and make the internet think we're hiding something! I can't wait to let the bonding agents cure and throw a coat of primer on it. It looks frikkin' great!
ARBs
I would suggest trying the stock ARBs before buying an upgrade. It is very, very easy to swap out an ARB on an Exocet (I've done front and rear in ~10 minutes). Even for track cars, I wouldn't go very stiff (in Miata terms). The only reason we had an FM front bar on XP-3 was because it was going to be handed to a few inexperienced drivers (people that helped the project) and we wanted a bunch of cushy, cushy understeer.
Target wheel offset
Offset depends on the wheel width, but I personally like a zero offset 8" wheel. You will not need spacers in the front, but you'll need a total -4mm offset in the rear. The Brits use a 1" spacer built like a hub adapter (two sets of lugnuts) for stock Miata wheel sizes and offsets. If you use one of those, be sure to check your inner lugnut torque after a heat cycle. Get long studs and a 1" blank spacer if you want to run stock Miata wheels. If you seat the studs straight, you don't even really need hubcentric spacers.
The increased scrub radius means more steering feedback and weight, as even a depowered rack feels a little light in an Exocet. I don't worry about accelerated wheel bearing wear, as the straight-line loads should be a wash or reduced when you consider the reduced weight. The kinematics of cornering loads mean the bearings should see slightly less stress on the outside wheel and a little more on the inside, which has less weight on it.
Here's a spreadsheet I made a while back on spacers
Glad you asked about offset. It's not on our store yet, but we're going to sell an "official" Exocet wheel that makes things a lot better than using spacers. It's a 15"x8" zero offset, lightweight, flow-formed wheel perfect for the Exocet. The model is the Traklite Holeshot, but we're selling them with Exomotive center caps and Miata-sized hubcentric rings for $150 apiece and $550 for a set of 4 (when shipped with a car). I love these things, they're perfect for the application and affordable.
Kevin just had a set of 205 Rivals mounted up on a set:
We weighed them at 33lbs 11oz with a fresh Rival, which BFG claims is 20 lbs. Not bad, not bad at all. If you can't tell, I hate wheel spacers.
Brake Lines
If you want a painless install, buy the braided line set from us. I was a hardline Nazi (seriously, I shamed Kevin for an earlier build) until I drove one of our cars with full soft lines. The pedal feel is still very stiff, because our firewall is rock solid and the reduced weight of the car means more g of deceleration with the same pedal pressure. Is there a noticeable difference? Not that I can feel with Miata calipers. The soft lines are really easy to install, although they won't give you the sense of satisfaction that a well-bent hardline will instill. Either way, the kit comes with plenty of Cunifer alloy hardline. That stuff is pretty easy to flare and bend.