Sim racing platforms like iRacing update frequently. An official RaceLab installation updates automatically to maintain compatibility. A cracked version will likely break after a single game patch, rendering it useless.
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Cracked software is a common delivery method for malware, keyloggers, and ransomware . Since RaceLab requires an internet connection to pull telemetry data, a compromised version could easily bridge your system to malicious servers.
Another long-standing choice for professional-grade overlays in the sim racing scene. RaceLab - Modern Overlays for Simracers
Overlays for "Relatives" (gaps to other drivers), live standings, and track maps.