I suppose it would be like driving a motorcycle in traffic. You'd have to drive as though NO ONE could see you, and drive accordingly.
My understanding of Formula Vees is that they use the early swing arm suspension. Some of the later Formula Super Vee and Formula First cars can use IRS, I think.
Something like this would be cool too:
Just for kicks, I called the DMV and my insurance company to see how you register & insure something like this.
Registration actually seemed pretty straighforward, you bring in the specs (weight, # of axles, year of construction). They'll give you a temporary registration until you get a safetly inspection. However, you would need insurance to get the process going.
My insurance company said that they have two classifications for "special builds". The first is for it cars based on a production car chassis, or modified chassis. The car would be insured as the "base" vehicle. The second is for "replicas" that have a new chassis (I suppose like a 550 or Cobra replica). They insure it as "xxxx(ie cobra or Porsche) replica" with the date of construction as the year. Didn't seem too complicated.
Gears turning... dim lights flickering...