I've run every which way, open diff, locked (welded) diff and Quaiffe.
I disagree with what some people are saying about the locked diff being as good as anything, and also about an open diff being just as good/fast as an LSD.
It all depends on the track. If the track you run at has no tight S curves you can probably get away with running a locker. If you want to run at Portland, with the chicane they use for vintage, you are gong to plow like a bastard and the other cars will drive around you on the inside as you push to the outside of the turns.
If you have no tight turns that unload one wheel when you are coming onto an important straight, you can probably get away without losing much time with an open diff. If you ever ran Westwood BC, where they had a hairpin downhill turn into an uphill drag race, anyone with an open diff would still be sitting there spinning their inside wheel while the guys with an LSD (or locker) accelerated past them.
So while what you guys are saying may hold true on your local tracks, the solution many people want is the best one that works under the widest possible set of circumstances possible.
I think that is the LSD and that's what I wound up with and stuck to after many years of experimentation. Maybe only 2% of your corners would ever cause you to lose any time with a locker, and 20% with an open diff. Each driver has to do his own caclulation of whether the tracks at which he races warrant the significant expense of an LSD.