In the 70's the cars were more of a box, and while some will disagree, I think chassis improvements possibly have made aero capabilities a greater factor or the limit.
Unlike the chassis development of the 70's and 80s, now a gazillion different models can be simulated first on a computer.
Things like shocks are so much more technical now. I saw a picture of Richards Pettys 79 championship car in a stock car racing magazine during the time frame. It had Eight Gabriel, or Monroe (sp? And 30 plus years ago = rusty memory) shocks, two per wheel.
I was blown away seeing the set up. I am sure they were rebuilt and massaged to the max, but they still were built off of a common platform that was available to the masses. Stone age compared to today's development.
At about the same time Laughlin and others was bringing high tech chassis development to higher production.
After a certain level, being hooked up, less limitation in the corners, means the straightways on the same size track just got longer.
Now add in wider and better tires than the 60's to multiply the handling gains.
All of the better stuff, made the Aero development a much bigger item to develop. And the stuff ain't gong away, it is an industry, a partner, it is past the point of no return.
Disclaimer: At best my knowledge is shade tree, and I concentrate on the female chassis more, than any race car chassis. Never have built race cars for a living either.
If a more educated sounding idea is posted, you best listen to them, this is just my .02 cents.