I chose option 3 Dr. Toby.
A New BRAND logo would mean a NEW BRAND and new identity. Any new identity for the NHRA would be a BAD idea in my opinion. It's been subtly changing the direction of the NHRA for the past two-decades. But, unless it is the direction of NHRA to completely change their BRAND IDENTITY, and move forward, i'd leave it alone. I'd love a return to the old logo and old style philosophy - but....
But it is unique for certain. I'd personally center the NHRA within the background to start. It just kind of looks crooked to me as of now.
But, it's much better than I can physically do. I applaud your efforts.