F1 has always had a tyre and/or fuel conservation aspect. If you want to dump all that, fine, but if you do that, you've created something entirely new.
F1 is something with everything in it, endurance aspects, sprint aspects, strategy, conservation and flat out.
When you had multiple tyres and indeed more leeway with regs .eg V8,V10,V12 you could vary it abit. Each car had more different potentialities and strengths and so on. Now it's regulated much tighter, cars are more predictable.
Think of the old WRC, fast, tough, required stamina (Safari Rally ) but stuff not on the scale of the rally raids.
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