As awful as this car ran out of the box, it has settled in to quite a pleasant runner after just minimal tweaking.
First, I cut up and added a bit of sheet lead just behind the guide.
Then I removed the guide spring and swapped out the braids for Ninco super racing ones. (only because I had them lying around- any braid that is softer than the stock SRC will be an improvement.) Take care when removing the guide. The clips that hold it in the shaft are very strong, and the chassis portion that the guide connects to is extremely flimsy. I held the guide shaft and chassis in place with some pliers as I pinched the clips and pressed the guide out. (This took
a lot of force!)
You could probably leave the braids stock if you wish, but I highly recommend removing the spring on the guide. Since the chassis is made of very flexible plastic, the spring actually presses the guide shaft up and distorts the chassis when it is in the slot. If you are able to add extra weight directly on the guide shaft, or even use some styrene to reinforce that area of the chassis to make it more rigid- do it! I'm sure that the flex in the chassis here played a large role in the general uneasiness that this car displayed out of the box.
Front tire rub was also an issue, so I swapped the stock tires with some old Fly 911 tires. From the side, they still hold the visual appeal of the stock tires, but they are just slightly smaller in both width and height.


This change was all that it took to eliminate the threat of fender rub. I also installed shims on both sides of the front axle.
Doing all of the above dropped the nose of the car from this:

to this:

That may not look like a large change, but I'm sure that it contributed to the car's stability.
After some oiling of the motor and bushings and greasing the gears, the car turned out to be a blast to drive! The awful squeaking is gone, as is the spastic hopping. The car glides around the Scaley track, and even fishtails are easy to come out of now. The downside of these changes is that the braking suffered a bit, but I feel that is a fair trade for a car that now takes to my track like butter on a hot skillet! Sure, there is plenty more that can be done to this car, with gluing the bushings and in place and securing the motor at the top of the list. I will do those two things next, and possibly more in time, but for now this car has gone from merely looking good in its case to being my daily go-to car when I want to unwind with some fun in the slot!