Forget it, Formula is slower than a Nitro Lightin', I planned to do same thing, but its worthless, Formula just "sucks" (its fast, but not THAT fast).
Allright, let's get this straight: ALL runs should be performed on CLEAN (new) save.
Arcade: any path, any car etc.
Championship: From entering name to Last finishing line.
100%: ALL Arcade paths, "Incredible Lap" on all 8 tracks in time trial, Whole Championship. To complete game at 100% You have to unlock All cars and tracks.
To be honest, I dont know even how to record properly. Should I play on windowed or fullscreen? Which splitter is the best? I just clapped spacebar manually after every race. I really would like to do some more uploads, but whitout set rules of speedrunning (I'm still practising with old methods) it's pointless. This will work, but We should delete all "old" records, because they are outdated.
Cheers