If you want to be able to properly store a racing chair, then this is a great choice. With the Playseat Challenge that is of course also possible, but there are a few advantages to F-GT Lite. With this seat you can switch between 4 different setups (2x GT and 2x F1) and the pedals are much more firmly attached. The pedals are also more adjustable, giving your feet better access to the pedals and making it easier to switch with someone shorter. A platform is included as standard for mounting a gear lever (can be left or right).
Setting up and collapsing is not necessarily easy and it will take some time before you understand how best to do that for the setup you want to use. I also noticed that the seat feels quite 'flat'. A playseat with a real car seat is clearly better. I was also shocked by the size of the chair when it is unfolded. That in itself is not a bad thing, because when folded the chair is still quite compact (as far as possible of course) and easy to store.
I myself have mounted the Logitech G920 Driving Force on it without any problems. Even with clamps (because they don't come off) the plateau of the handlebars could be mounted all the way in the rear position, making steering easy if you have longer arms yourself.