It's a toy and is it ever fun!  One of the funner things is to come into the break patterne at 240K, pull the power back, brakes out, 60 degree bank and 15 seconds later you're flared out for landing.  Another time they are useful is when you call in to the tower at 10 miles out, 200 indicated and are told: "You're #2 following the cessna a mile ahead."  Most tower operators still don't have a clue.

Over half of all midairs occur within five miles of the field. Many happen when a faster plane overtakes a slower plane. Be careful out there.

 

Jeff Edwards