I would think a V8 build is a far better idea than any retrospective 'Lotus' that just spells old 1980s technology

Which is still rocking the automotive world 20 years on though?
Are they? The name Lotus does not appear in the F1 Teams who are in the points. Lotus - Cosworth have zero points
I am afraid, to me, their glory days have gone
Hang on - Lotus Racing is a completely different kettle of fish to Lotus Cars or Lotus Engineering - they are all separate companies which do not run alongside each other.
Lotus Racing is really a mask for Proton (predominant owners of Group Lotus), having the race cars built in Hingham, Norfolk in the old TOMS (TOyota Motor Sport) works which is about twelve miles from Hethel, where Lotus Cars and Lotus Engineering are based.
Lotus Racing might even migrate to Malaysia in a year or two.
As to the comment about Lotus having zero points, that's totally irrelevant.
In years to come, some of today's F1 technology will filter through to road cars, but not for a while yet.
The plan for Lotus Racing is a long term plan, there's almost no way an F1 newcomer (and to be fair, Lotus Racing is a new team, the old team was called Team Lotus and ended some ten years ago, in which time F1 technology has moved on by lightyears, never mind miles!), can enter F1 and start winning points. You need to gain ground and build on every race, which is exactly what they are achieving - along with the other newcomers.
Lotus Cars builds road cars and modified road cars for racing.
Lotus Engineering works with many other manufacturers (not just cars).
Lotus Design also work with other manufacturers.
Lotus might only be a small company, yet their knowledge is probably wider than that of GM in many different areas, hence why GM bought a majority share in the firm in the 80's - then sold most of their stake in the 90's to Bugatti cos they couldn't afford to keep it going. Same with Bugatti so Proton bought Lotus and are actually making it pay.
OK, simplistic potted recent history lesson over!

As said, the LC used 80's technology, but - and rightly so - it is still an iconic car and again, as said, still rocks 20 years on.

Not meaning to have a pop at anyone, but there's a helluva lot more to this that meets the eye!