If an engineering/fabrication project is your main goal, then something like this will be a lot of fun to create. But, as I mentioned above, the testing and setup once the car hits the track will determine how much (if any) of lap time improvement you see. That part of the effort is far more important then the basic engineering and fabrication and is generally more difficult to do. Look at Ferrari in Formula 1. They showed up this year with a shit car and, over 7 races and NO real testing, have made it a front runner (almost).