I hear a lot of speculating.
First of all there are many factors that determine tire strength, speed and traction. It takes a new engineer about a year and a half to come up to speed with all that is involved in tire design so it is near impossible for me to impart it all here.
The rubber compound number (at least for Michelin, BFG, Uniroyal and a few others I work with) pertains to the tread surface only, and has nothing to do with the rest of the tire. I am confidant that this is universal throughout the industry.The tread rubber is no deeper than the lowest groove,(just the outer layer for a slick). It does not give any indication of speed capability. period
When you talk about a tire's speed rating it is largely a function of its internal construction. There are about 5 or 10 different rubber components and numerous non rubber components in the average street tire. For speed... the construction elements that mater the most are the construction elements just under the tread. But wait there's more! speed alone is not what you are looking at when you read the speed/load rating. All parts of a tire are interconnected and work together, so you cant stop there. when a tire is rated it is rated at a certain load at a certain speed. As the tire rolls it flexes. Flexing causes heat. The side wall must carry that heat and be able to dissipate it faster than it is being generated.
So:
A drag radial's "design concern" is with traction, off the line, and relatively nothing else! Heat build up is a real concern.
An aircraft tire is concerned with high speed with enormous load. The Lear jet tires were designed to carry an aircraft that weighs something like 12500 lbs at speeds close to LSR. Your car probably weighs far less and so heat build up should not be a concern. But these tires have extremely heavy construction so top speed becomes a concern.
Increasing the air pressure will reduce flexing and therefore reduce heat build up, but does nothing for stresses generated by high speed (probably aggravates it).
Shaving off tread will reduce the weight of the tread sculpture therefore lessening the internal stresses generated by speed, but does nothing to address heat build up(probably aggravates it).
Sidewall plys, bead rings, and special belt packages effect tire performance in numerous ways, to speculate if a certain tire is applicable for a purpose outside of it's design intent based on "Ply rating" or "belt package" or "bead ring" is just that...speculation. without data and testing there is no way to know.
There are no street tire applications that I could recommend. That being said, a "Z" rated tire, especially a Michelin or BFG (and i say this not because I work for Michelin but because there is a marked difference between Micelin/BFG high performance tire construction and Goodyear or any of the others), would I think be a better choice than drag radial or aircraft tires. Keep in mind that if you exceed the rated speed of any tire you are in uncharted waters. But the internal construction of these tires is probably closest to what you are looking for (you already know this I'm sure).
I am not familiar with Frontrunners construction so i will have to research. Bear with me... I'm old but I'm slow. It might take a while but I'll get back to you.
Well I've probably said too much. If I were going to put my butt in a car that goes 200mph + on a regular basis I would probably wait till i could afford LSR or similar type tires. It's your life.
Fred