Yeah taking the racing line mmmmm....
better be careful about who's behind you or Mad Max the Highway Sheriff will have you stopped at the road side faster than you can say ABS.
Personally I'd save the racing line for the race track, that's why they call it the racing line after all
Personally I've found the best compromise in a FWD'er is brake as late as you feel comfortable with in order to carry as much speed as you feel comfortable with obviously as your on the road give yourself some margin for error or idiots.
Then as you enter the bend feet off the pedals on the initial turn in if the tyres bite start to input the throttle until a) the tyres squeal b) your steering wheel lightens a touch as your on the verge of oversteering (I've found this to be the case driving a corsa an clio and a golf don't know if it works for anyone else tho)
obv. the tyre squeal gives you a better indication but they aint gonna squeal when its wet!