CKid.... do you know anything about vintage sports car racing... they do not bang fenders on those $125K-250K cars... it is a gentleman's racing sport...
And no... anything that does not meet the current safety requirements will not race in land speed racing venues. There are a variety of venues on runways that have different rules but you better read them and comply with that organization's rules if you expect to race.
Lawyers and insurance companies drive a lot of it...
So if you want to run on your own on any variety of dry lakes out there or on abandoned runways then go for it.... Let Darwin be your guide... but don't expect the folks on this site to be complicit in your plans. There is no section dedicated outlaw racing....
This site is about current rules and racing.... with respect to our history... most of us know people that paid for a rule change in blood.
And some of us participating on this site have survived wrecks from 150 to 400+ MPH because of those rules.
If you want to start your own no rules racing organization then go for it, but that topic is not something we do here. So I suspect unless you want to follow your buddy Franklin....keep that in mind