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The MG generally and especially the B is raced extensively in Australia. Even races for B's alone. Whilst the the high performers are the rover V8 5.0l versions the ordinary 4 cylinder 3 bearing goes well.
For comparison times from Philip Island classic.
Iso Grifo with Chev v8 1:53
Corvette 5.5l 1:54
Ferrari GTC 4 1:58
Carrera 2.7 1:58
few others then
MGB 1.8 1:59
Pantera, Carrera etc
another B 2:00
Elan 2:02
Elan 2:05
MG Midget 2:05
So as Mr Mallet says the B's do very well in Australia. I know the above figures show different drivers and differing states of tune but noneheless the show up in there 100's and do well.
In my collection I have one as well as a Capri. The Capri every time.
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