1...there is no such thing as too much grip. If all you care about is smoking tires, put some 175 width bias-ply on there and go to town.
2...if you want to swing the tail out on the street, leave this thread now else I'm sure many will come down on you for that notion.
3...if you have the right car, there's no amount of grip that's going to mute feedback. That alone does not dictate what the chassis is(n't) doing.
*le sigh*
1) No, I have never done a burnout in my entire life.
2) No, I'm not a drifter.
3) You completely miss my point.
To expand on (3) based on my personal experience: I've got three sets of tires for my Miata, 195 wide S.Drives, 205 wide RA1s, and 225 wide RS3s. I almost always put on the S.Drives when I'm driving on the street. Why? Because at reasonably sane speeds I can feel the car throttle-oversteer just a bit. I can feel the rear end nudge around a little if I trail brake. The manual steering feels lighter and more responsive because the tire is lighter and I'm not scrubbing a wider, stickier, tire.
Unless one changes the widths of front/rear tires, no, tires will not change a chassis' inherit characteristics. They will change the speeds one needs to reach for those characteristics to show through and the forgiveness of the tire when it's being pushed.
When I drive with the RS3s on I'd have to wildly exceed the speed limit everywhere to get the same sorts of sensations and feedback I get with the S.Drives at about the speed limit. Same amount of fun (for me) with way less risk of getting a ticket or crashing. Which makes the less-grippy tires more fun because there's little or no stress involved.
And if you try to argue that a Miata isn't one of the most responsive chassis ever, i.e. the 'right car' to get feedback from... well... I can't argue with that level of ignorance.
http://www.youtube.com/watch?v=3jqmGTOz4kQ skip to 3:15 where James May makes my point all over again.