The Corvette has enough power to easily bring the tail out to counter under steer.
There's a lot more to understeer and oversteer than the amount of power a car has. And think about what you just said...you want to "bring the tail out to counter understeer"? My original point is that a mid-engine setup is a perfect balance. Combine it with a lightweight chassis and sticky tires and whatever ground you might lose to a big HP car in the straights can be regained in the corners.
			
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