Street Racer, Eligos - Ugh.  This card is a recyclable attack negate that costs 2 life to play.  I mean, that doesn't sound overpowered at first glance, until you realize that it prevents non-penetrate link attacks (or, if they do link, it stops the attack anyway), it's not a spell so it can't be negated in any way, it can protect anything on your sides since it can redirect any attack, and it slows the game to a painful crawl when combined with the rest of the turtling that Magic World has available.  As a Buddy Monster, it can even be a free attack negate.  Destroying it only sends it back to hand.  The only way to get rid of it is for the opponent to choose not to pay the life or sending it to the gauge.  It's pretty much only vulnerable to Epic Fail, Tempest Wing, and Penetrate.  Only, there's plenty of answers for all of those with the rest of the deck, so that gives this card too little counterplay.

Despite it's obvious strength comparable to a reusable slepnir, the life cost is staggering in a world with near 0 life gain.  You're basically taking any attack that is 2 crit or less with this and as you said useless against penetrate etc.  It's stats are nonexistant only blessed enough to have 2 crit which is what allows the size 1 heavy deck to continue to perform.