I have richocheted around between a setting of 100 - 104 and have settled right squarely on 102 for all cars. I think this number is more related to the controller/wheel and a driver's use of them than the car and the physics engine. My use of ABS may make much of this discussion moot.
I seldom push the brake pedal to the floor with my rig, about half way is my guess when I am trying to a shut down like on turn 1 of Catalunya National - for me, the quickest way to shut 'er down is foot clear off the throttle, and down shift as fast as I can without locking up. Also, I have found a low RPM to be emmense help with a quick shut down. i.e., you are better off to shift to 6
th gear just before shutting down than entering the shut down with the tach pegged in 5
thgear.
Try this... get on a long straight, say like one of the ovals and run the car up to a static rpm in 4th gear. Just cruise at a steady speed. Now, touch the brake as lightly as possible. Messing around with this exercise for a while will give you an idea of how much the pressure settings affect or don't affect your ability to stop the car.
Now, how the settings work with extreme values - I cannot tell you. I can never quite talk myself into pegging out a setting just to see what happens.

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