When hiking King's Peak in Utah, my group was plodding along with backpacks for a week-long camp, with food, tents, sleeping gear, and various safety gear. We were passed by a guy in shorts with a water filter bottle who was running to the summit. We met him again many hours later on his way back, when we had not yet reached our day one base camp.
The freedom and purity of just being there with the mountain was compelling, but requires a whole different set of preparation than I have given it.
It's not just removing a helmet, or doing a daredevil risk, it's transforming the experience. Because he wasn't staying over night, he didn't need a tent or sleeping gear. He didn't need a lot of food. He didn't need a backpack to carry it all. Everything he could leave behind allowed him to move faster, improving his experience.
I don't know much about F1 races but I guess say a fairer comparison would be doing time trials alone on the track versus actual races where you risk the collision with other drivers. The former is safer but the latter is more interesting, not just because it's more dangerous.
Maybe this video gives you a feeling for why free solo is romanticized and worshiped so much in the climbing community. https://www.youtube.com/watch?v=hz5w7q5GHuc&t=3m25s
Unless I'm seriously missing something about the "sport" of climbing, the point is to climb. My chosen hobby of auto racing involves plenty of risk, but we don't leave our helmets at home to somehow make it more "pure".
Sure he's skilled; sure he is strategic. What I want to know is could he do this over and over again without dying? My guess is not. His odds would probably be higher than most others' but still risky.
But in the end, if it's what he wants to do, so be it. To me it's interesting but not something I'd like to do, regardless of the risk. Spending my time climbing rock walls is just not appealing to me, even if it's out in the wilderness, which I love.