In reply to frenchyd :
Poke around NASA rules structure. That's basically how they do it. They have 7 classes (14 technically as you can also W2W the cars in ST which share the same specs) TTU exists and is an Unlimited class.
TT1 = “Adjusted Wt/HP Ratio” equal to, or greater than, 6.00:1
TT2 = “Adjusted Wt/HP Ratio” equal to, or greater than, 8.00:1
TT3 = “Adjusted Wt/HP Ratio” equal to, or greater than, 10.00:1
TT4 = “Adjusted Wt/HP Ratio” equal to, or greater than, 12.00:1
TT5 = “Adjusted Wt/HP Ratio” equal to, or greater than, 14.00:1
TT6 = “Adjusted Wt/HP Ratio” equal to, or greater than, 18.00:1
Gridlife the classing structure is a little more mod dependant but again is based on an acceptable power to weight limiting the HP you develop in a given class structure.
It works well for both these sanctioning bodies. And as someone who currently tracks a TT3 spec power to weight car, 10:1-12:1 is plenty fast and entertaining. NASA has an entire calculator to determine a modifyer for the power to weight based on things like Aero, Tire width, and certian chassis/suspension mods. The whole system works pretty well but participants are more of the "production based" type with limited numbers of Prototypes and a few Tube frame homebuilts mixed in.
Eventually I want to do a project that is basically a Kart with a harness, rollcage, and suspension. Something like a F500, but with IRS and real shocks and motors that aren't snowmobile based. The low cost of Tires, towing, and general consumables for a <600lb overbuilt car could possibly push people with lower budgets toward racing again. Karts exists and are a thing but the injury risks due to just rough ride and incedents tend to keep more seasoned individuals away. Something that dimensionally and dynamically could stradle the line between works on a Kart track, but could work at a Road Course would be ideal. So think Rush SR but built around a 12:1 power to weight not 6:1, and -$40K in price. Use a 250CC motorcycle engine to get 35-40HP which should be entertaining if weight can be ~600lbs with driver. This would also be an excelent chassis application for a 30-40HP replaceable battery electric drivetrain. There is work being done in this area but what I have seen (DP cars, and CrossCarts) tends to be pointed at the "LETS GO REALLY FAST" using the light weight for more performance rather then for a better value proposition.
With some discussion I'm sure I could reach agreement on Strokers rule setup for FWD based MR prototypes. I would think this would be more of a modern interpretation of what Formula Vee was to Formula Ford. I don't think a $2000 style hard limit on budget is required, nor do I think a Claimer rule really works with DIY type classes. Use the power to weight ratio and rule structure to try to ensure that the performance target is largely achievable with a reduced budget. The largest group of people would be reached by a class that has options for people to "buy" a car, and also allows people to concievably be competitive "building" a car.
We have discussed on the forum before the idea of a "Open source" racecar, and with modern lazer tube and sheet cutting it's probably that you could develop a "flat pack" chassis kit but that's really an additional discussion. Both of these ideas (Small Kart based Sports Racer built a round a ~40HP 250cc bike engine and FWD based Sports Racer) would be good applications for that to get "pre designed" solutions out that people could build. Making a driver friendly suspension is a challenge for most people so assisting in that part would be good.