Soldato
But back in those days you could be on pole by 2 seconds and win the race after lapping the whole field. If people got pee'd off watching the RBRs being consistently a few tenths faster than everyone else, how will they feel watching someone rock off into the distance all the time because their engine is better?
Well, that did happen. But not because of engines necessarily. The McLaren MP4/4 dominated not just because of the engine (though it helped that Honda carried on developing the turbo motor for the final year of eligibility when nearly all the other engine manufacturers switched their attention to next season's 3.5l N/A formula) but because the chassis, engine, and driving in combination were so far in advance of the field that it was ridiculous. The Williams FW14B and 15C were so much faster than the other cars because of electronics, not engines (Ligier had the same Renault V10, and were nothing special).
Your idea that things would all balance out and the strengths and weaknesses would mean a close battle is in reality very very unlikely.
Who said anything about a close battle? And why does it need to be close?
Seriously. Provided that the best team and driver wins, does it have to be a close battle to be great? This year, we saw a reasonably close contest, but arguably saw the second best car and maybe third best driver take the title and it was about as fun to watch at times as cancer.
And thats before you get to costs. The manufacturers are complaining about the cost of building an almost spec engine. How would you convince them to join a formula with an unlimited expectation on engine budgets? Remember that all the manufacturers left a few years back because costs got out of control and they weren't seeing benifits, and that was with spec engines.
Yes, they weren't seeing any benefit! Because it was a spec engine! Everyone had to build a 3 litre V10, and later a 2.4 litre V8! They couldn't develop anything remotely relevant to their road cars, so got out. It was dead money, which made it obscenely expensive. Having some real world relevance negates part of (indeed, much of, especially if you're able to sell the engine to other teams as well) the costs of developing new engines.
An engine manufacturer sinking £££s into 'developing' an engine that is locked down in terms of layout to something that they just don't ordinarily build doesn't work. The loss of Toyota, BMW, Honda etc proves that. With the new engine formula coming up there was a golden opportunity to entice engine manufacturers back to the sport....and the FIA blew it, big time.