ballisticNG on steam supports p2p hosting and local splitscreen. its basically wipeout for the ps1 but supports fancy graphics or you can round vertices and turn on rasterizer with crt effects. certainly one of the best racing games ive had the joy of playing. most racers like this have absolutely no sense of acceleration you (press thrust and speed cap in 1 second). the tracks can be very technical and theres a sense of aerodynamics that wipeout or f-zero never had. you can nose down with airbrake and make a sharper turn or you can lift up on jumps. loads of settings and worksshop files on steam. dont get the gog version unless you hate yourself.

this game is the bees knees and comes with a killer original sound track. this is what wipeout would look like today if it werent for gamergate.