I was wrong about the silver car: I got a 1:21.54.
This means that the black car is less than 2.2 seconds faster with sticky tyres, race car suspension and all that weight reduction...
L-)
In hindsight, the reasons why are clear: the suspension made the back car far too twitchy and unpredictable, and it lacks top end grunt.
I'm currently regrouping, and figuring out what to do.