I don't race my car, but I have the '93 Cobra computer. MAF, and injectors. I have hammered this thing and been up to triple digit speeds plenty of times and can't find anything that indicates any less performance out of these computers. If there is a timing retard, it is not noticeable, but the rev limiter is still there. Unless you are serious down to .01 seconds, then maybe it is worth diving in to. You are probably just as well off with a chip or the TwEECer as everyone mentioned. I'd sure like to get an old Crane Interceptor just to play with it and see what difference it makes!
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