You’re not wrong. It has about the same 0-60 as a new Miata. The C4 isn’t underrated, it’s just purposely ignored.

I don’t know why you’re getting downvoted. The C4 is not underrated, it is purposely ignored because the C5 is light years ahead in terms of performance. The C4 Corvette is a bargain because it is so disappointing. At least with the C3 you can get a classic looking car.

The best advice to recover from a slide is to not try to be a hero. “When you spin, both feet in.” Aka if you find your vehicle out of control, press the clutch and the brake to save you and your car. If Mustang drivers followed this rule then there would be a lot fewer wrecked Mustangs on the road today. So many accidents happen because someone decides to try to save and overcorrects, then the have to save THAT and overcorrect again until they have amplified the situation to the point that they crash the car.

Your E36 sedan didn’t have to abide by the exponential increase in emissions, fuel economy, or crash test regulations that have had the opposite effect that they intended, forcing vehicles to get larger. Your M3 is old enough to qualify for antique license plates, and it’s one of the later years of E36 which was developed in the 1980s and first hit the road in the early 1990s.

It weighs 50 lbs less while being awd and meeting all regulations to be sold today.