That must be some 02 racer or your M3 is not well sorted. I've been driving 02's since 73, currently have a moderately modified 02 (stg2 engine - dual 40's, 292 cam, Alpina vaves and pistons; 390 lsd, 5spd, flares, 15's, turbo brakes, upgraded suspension, etc.) and a moderately modified 90 M3 (Korman 225hp pkg, Korman roadsport suspension). Both have seen some track and autox time. I can tell you that there is no road or track where the M3 is not superior. Neither is a race car. I'm sure that there are 02 racers out there that can trounce a stock M3. I doubt that in any stock to stock or modded to modded comparison that an 02 would measure up. Just my opinion.