I've found is that velocity is cruel. My trucks have huge brakes which work excellent for 50,000mi+ when slowing down 20,000lb plus at 70mph (towing trailers). But at 130mph unladen, the rotors will turn purple and get radial cracks, something I haven't seen towing. Since weight isn't much of a handicap, I'd be reluctant to skimp on them.
The main concern with me would be a fire situation. I would want to get stopped very rapidly so I would have time to run to the pits and get a bag of marshmellows and a stick before it goes out. Parachute + good brakes should haul me down far quicker than a chute alone.