It pretty much depends on the car.
Chassis twist is real and it has been featured in forza. I’m not quite certain how well it is featured in FM5, (as I’m still tuning in FM4. XBone hasn’t arrived here yet.)
How ever. I have seen Ford Escort Coswort literally ripping its body to pieces. cause it has so much power/torque, and great suspension for track use, but no rollcage. The welding’s literally ripped apart. and that was “only” 330hp engine.
Generally older cars tend to suffer from chassis twist more than more modern cars, but still every car suffers from it more or less. and now we are getting to the “do I need rollcage/Chassis reinforcement”
Well Chassis twist causes unresponsiveness while turning. The more rigid the chassis is, the more responsive it is. This calls in the rollcage.
How ever it always adds weight, weight slows down your acceleration and braking, Now we have to think how many times I do sharp turn with very low speed, and accelerate from very low speed (spa 1st corner & last chicane) Or do I mostly run on high speed track and carry the speed trough the corners (alps).
If you carry a lot of speed you don’t need to have as responsive car, but then again, the additional weight won’t slow you down as it’s so small amount.
If you go trough many tight and twisty corners you need more responsiveness, how ever the weight will slow you down
Therefore, you need to experiment, and have a compromise between acceleration and responsiveness.
Then there is cases like FWD. the power goes out from the front end, and you are “dragging” the rear end around and thinking about it, the less weight there is, the better grip you will have while accelerating, Now you really want to avoid the extra weight, but then again you might need that responsiveness boost of chassis reinforcement.
And then there is my favorites, The old cars, Specially old muscle cars.
Ever seen top fuel dragster setting off? Yes they might lift their front wheels when that 2000hp engine releases all it has.
But more than often they lift only 1 wheel, that is cause of the tubular frame twists and it twists between the engine and the rear axle, only few feet apart from eachothers. still the twist will be seen in front of the dragster, when other front wheel is few inches off the ground first 60 feet! Admittably the rear suspension is also slightly twisted from the same reason. Which increases the indication of the twist that’s not actually there, at least so visibly.
Now think about 60’s or 70’s car, specially Front engine RWD layout. you don’t need 2000 hp. you only need 100hp for it to be there.
If you are getting chassis flex from cornering, acceleration, with firm racing suspension, the chassis will flex. and it flexes a lot. Therefore you highly likely want to have that full rollcage.