I've been thinking along many of these same lines but hoped I could pick up a few more ideas here, and you have provided some! As gonegonzo says, we went to silicones because finding true AW tires is a pain. But I've been thinking about sanding stock rear tires to try to get them closer to round. Compared to slip on silicones this may cut down traction enough to help solve the problem.
Limiting the pick up shoe travel may help, but I've seen these cars wheelie so hard at the start that they pull the pin, shoes, and front tires high enough to deslot the car before stalling. A longer guide pin might be helpful, but the slot isn't deep enough to allow enough length to make a difference. We are also considering adding axle weights to the front end, which will put us back on stock front tires to allow enough space for the weights. Sadly, this will mean giving up the wide front wheels and tires that give these cars the distinctive Modified look and added weight themselves. For a few photos of this class (and others we run) go to
http://hovalracing.weebly.com .
Reducing voltage is probably the best solution as I've seen it done in club racing to suit many different kinds of cars. The problem is that no variable power unit is available to us currently. Typical HO train power packs only put out a maximum of 12 volts, which may not be enough. But gonegonzo is going to try it on Monkey Wrench Speedway. I've got an old Lionel train transformer that puts out 18 volts at 1.75 full amps, but is AC power. Maybe that could be used with a rectifier in the line?
It may come down to using ALL of the suggestions to tame these little beasts! Keep the ideas coming and we'll try 'em.
Stumpy in Ahia :character-oldtimer: