I loved the demo of XJ220 that was bundled with the AF? coverdisk, but the game for some reason failed to live up to my expectation. Well polished but just left me a bit empty. Not sure why that was, really. I also enjoyed running the demo at 60hz, the extra speed really made a difference.
I can't say the Lotus games ever did anything for me, I'm also not a fan of the Super Cars games from the same dev team. Controls seemed too clunky, but t hat is for another duel!
I'm pretty sure Jaguar came out as direct response to Lotus 2 a year or so later, with Lotus III coming out sometime after Jag, so I think is a fair comparison.