I think you are confusing a couple of things here. Coilovers is simply how your springs are mounted, its still a trailing arm setup and a coilover setup will not address any of the geometry short comings. It just makes height and spring rate changes much easier. Remember, the shocks do not play any part in the geometry of th trailing arm setup.
As you have noted, the camber problem can be adressed relatively easily. So you are left only with the issue of geometry changes through the suspension travel. For a road car, once the camber is set appropriately at ride height I doubt you would ever notice a problem, under race conditions it will be even less critical as generally suspension travel is even less. Yes a double wishbone arrangement can be set up better and more consistent, however whether the difference is noticeable or the costs justified I am yet to be convinced.
Callum
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