You don't see it as perverting some of the basic tenets of sport and competition to encourage rampant technical meddling in them? You honestly don't see where that road leads?
But then again, for me, normal sport is boring.
Finally, if we look at what happend back in the days when there where a lot less rules on race cars, the one thing you'll notice is that a lot of drivers died due to teams continually pushing the envelope beyond what was reasonably safe. The same thing with doping. Look at some of the women coming out of the Soviet doping programs of the 70s and 80s. They did not, as rule, live long and healthy lives.