First, his post over at the Deathstar...(simplified by me)
Cars: Touring Modified (any style production Street cars - 6 cylinders or less)
276hp / 1300kg / 450pp
Tires: Racing Soft
Mods: All are allowed (except RM)
Engine Power Reduction: Allowed
Weight Ballast: Allowed
Track - changes week to week
main things I've skipped...etiquette (he mentioned iRacing rules), qualifying, schedule.
The basic setup is good. Fun cars. Perhaps one month 450pp, next month 500pp, next month 475pp. This could include HP going up to 325 or even 350. It's nice to change it up once in a while. The only restrictions are no race cars, no RM cars, no Concepts, and no 'Tuner' cars (Amuse, Spoon, etc). Like it says...production street cars. I like these ideas.
The question now is...is it a race series, or our usual show up run fun racing with the gang.
If it's a show up have fun setup, qualifying is almost irrelevant, and etiquette is simple...Race Clean, Have Fun. Schedule? Pick the number of laps and run 2 or 3 races per hour. Keep it flowing.
If it is a series, etiquette is still pretty much the same, but you just have to decide on a qualifying format, just keep it simple. Schedule? I haven't been in an actual race series yet, so I don't know what's good here. It would be cool though to have a ~45 minute race as the main event. It would also be cool to invite non-series participants out after the race to run shorter races, kind of like the above 'show up have fun' setup