This is what I found after an evening of trying different settings.
The default setting is pretty decent. So drive it a bit get used to it and see how you like it. Seems when I drove smoothly with not so fast steering input, everything felt pretty good. If I jerk the wheel more, like now when I am learning to drift, the movement is more abrupt and king of odd feeling.
The only view that gets adjusted is the cockpit view. It is the one when I can see the dash plus a bit of the side window.
One thing that bothered me is how the car/world tilt. I tried to tune that out and was pretty much able to minimize it by:
Steering split tilt: 0%
Tilt with X G-force: 0%
Tilt with Z G-force: 0%
But now I wonder if I can do that with the horizon lock to 100%