I think the ideal race track would be as wide as possible. As you reduce the track constraints you increase the variation and challenge. Ideally it would be a continuous sheet of pavement with the corner apexes marked (by cones or something) and nothing else. There would be a vast array of lines possible through every corner ranging from haripin tight to really wide and sweeping.
It would look kind of like a giant autocross, but with fewer cones than a typical autocross. Make it the size of a 4-mile racetrack and it gets interesting. This is the kind of thing that should have been done with the $1 billion spent on Abu Dhabi.
As a bonus, this approach would reduce Herman Tilke to a minimum-wage cone setter.
