I would like to have a dollar each way
Some of the races I looked most forward to were handicaps. Classic example was New Brighton TC's DB Superstars for 4yo's run in September. Heats one week, Final the following.
Dillon Dean, Inky Lord, Laser Lad, Mels Boy, Mighty Me all Derby winners (NZ or GN) the previous season found the 20m handicap too much.
Made for great racing. $70 winners, $800 Quinellas.
But I think the absolute feature races in both islands should not have horses racing off handicaps.