I think, for racing applications, Nikasil is probably yesterday’s news, at least for some applications. As cylinder wall hardness approaches 270-280 Bha on some compacted graphite blocks there just doesn't seem to be any use for it.
Better control of ring land size and finish are also major factors when it comes to ring seal and related bore finish. With the very high vacuum utilized in certain engines I, personally, don't think plateau finishing is so important either, at least not in those engines. The high vacuum levels are probably the main reason relatively low tension rings and very smooth bore finishes can be used and that windage can be brought to such low levels. The usefulness of coatings, like Casidiam, really shine in this type of environment.
Steve