You have to keep in mind that F1 is a sport and a way to make money via people watching it.
As such going fast is certainly important, but not the only goal.
There are actually a whole bunch of rules that result in slower cars but are there to keep the viewers (and competitors) happy.
Some rules (like minimum weights) are there to keep the playing field somewhat level and keep F1 from devolving into a pay-to-win sport.
There is also rules that are just there to ensure the cars *look cool*, because people don’t want to watch ugly cars (lookup “F1 X Wings”)
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