I can't hear any issues with your sounds. Like I said before the revlimiter of the M1 is a bit distorted and raw but it should be no different from how it sounds in my game. Here are my audio settings in game:
Thank you for your help. It still seems to me that my sound is different from the one in the first video. It feels like the difference between SD and HD
Not sure if I hear any issues either. Have you tried just lowering the in-game volume a bit? Maybe it is indeed clipping and doing that should help. I also have a race uploaded with M1 Procar (not a stellar one, but that's not important here) and listening to it now, I think I hear the same distortion there as well. Bear in mind that it's recorded using 7.1 with Dolby Headphone and on a fairly good soundcard, a generic on-board Realtek will likely sound quite different: