Formula Vee AI problems?

Are there AI issues with the Formula Vee? It seems like the 2 tracks I've tired them on they always have 1-2 corners that they botch every single lap that I don't see in the other series. One track is Buenos Aeries the wide sweeping corner near the end of the lap before the tight corner. The AI always runs wide here and spins.

Also, do they follow the same physics as the player or simplified? It seems like they are always slower in then faster out of all corners compared to me.