I think these cars are really lousy as a "dedicated" track car. They're not competitive in any classes, they have several reliability issues to overcome, and regardless of what is done, will still be "slow" compared to a simple C5 with reliability upgrades. With very simple stuff they're running TCR lap times at half the cost.
The sweet spot IMO is being comfortable with Spec Miata laptimes. Doesn't require tons of money to achieve, and keeping the car reliable and liveable as a daily.
But then there's the "I only need X part to go a bit faster" factor that has crept up...