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I think people are really overestimating how big an impact the cost cap is gonna have in F1. It’ll probably help with competitiveness a little in the short term, but if you really think Ferrari/Mercedes are gonna let their customers beat them in the long run, you’re delusional.
Because of the exceptions to the cap (engines, driver salaries), top teams will just redistribute the caps difference into these exceptions ie. instead of spending 200M on aero and 200M on engines, they’ll spend 100M and 300M respectively.
If the goal of the cap was to improve competitiveness you would have closed all these exemptions, and required more spec parts. The real goal of the cap instead is to reduce costs for smaller, struggling teams.
There might be some slight improvements in competitiveness due to diminishing returns that come from greater spending on cap exceptions, but the best case scenario I see is slightly more variant results for individual races, without any meaningful change in championship standings
