There is no such thing as a radio for racing and a radio for bashers. It is all about what you need or prefer.
Yes, a transmitter with a display an several menu items like EPA, brake and subtrim are handy. Things like expo, ABS and any other stuf that you may think will help to control a car seems nice but at the end you want to have an as much lineair feeling with the car so you will not use many of those settings.
Although in the past we have always used simple low speed transmitters you will notice the high speed framerates of several current transmitters from brands like KO, Sanwa and Futaba. Also de Frysky Noble seems to work on higher speeds.