Until you've tried it, you won't know how great 1/8 mi can be.
Up until a few years ago, i had a choice of 1/8 or 1/4, both about 20 miles away. The quarter track had two events a month , the eighth track had five or six. If there was a choice of competing events, I ALWAYS ran the eighth!
The eighth is cheaper to run on, easier on the car, the program runs quicker, and its just safer at 100 mph than 130. My cars stop much better from 110 than they do from 130. And the racing is every bit as competitive.
And there are cars out there that can run 150 in the eighth, that don't really want to run 200.