True but does that actually give a better race?
I'm not too bothered what the lap times are, what I'd like to see is cars being able to follow closely and then be able to overtake. Not whether they're lapping 1:26 or 1:46 to be honest.
If it doesn't give a better race, it was still fans ******** about lack of speed that caused them to make better speed a factor in the next regulation change. But in reality, yes, it will make better racing. The faster the guys go, the more you are punished by a mistake. If you can correct a mistake in say 0.2 seconds, if you are going 15mph faster that means more times you can't save a mistake. The more on the edge you are, the more mistakes you make, the faster you go the more physically demanding it is and the more tired you get the more mistakes you make.
One of the reasons it can be so predictable and we have less spins and offs is that they are driving so far within themselves during races.
People constantly ignore that reduced drag from better designs means the lead car down a straight is slowed less than 10 years ago for being the lead car, meaning smaller difference in closing speed for the guy behind. Drag isn't proportional, the increase in drag and air resistance is larger between 200-210mph than between 190-200mph. So the faster they go, the more effected by drag the lead car is and the better the car behind can follow and overtake.
So yes, in almost every way faster cars create better racing.
Even in the years with the best overtaking 98% of time during a race is not overtaking, but drivers pushing it. I want to see more overtaking, but it's more fun watching the guys on their own pushing the limit and wrestling the cars through corners rather than in cruise control.