A racetrack is not a reversal procedure - it is a racetrack procedure.
I don't believe anyone has mentioned "racetrack procedure" until your post, DFC. Most of the consideration has been of base turns.
On a reversal procedure ... where the base leg procedure is used, you do not have an outbound turn to allow for
True. And the outbound leg is relatively long. So the adjustment required to compensate for the drift in the turn is relatively small. No one is suggesting that a greater correction should be applied.
and to remain within the airspace provided requires strict adherence to the directions and timings specified
So how would you reconcile that with
3.3.3.6 Wind effect. Due allowance should be made in both heading and timing to compensate for the effects of wind to regain the inbound track as accurately and expeditiously as possible to achieve a stabilized approach.
? Looks to me as it is reminding pilots of the need to adhere to the
corrected distances and timings.