BallisticNG is a spiritual successor to the PS1 originals (including optional texture warping). The aforementioned Redout is more targeting modern stylistic choices. Both games are good but I like BallisticNG more.
And it works surprisingly well in VR too. Though I would not recommend removing the optional cylinder thing that's here to block your peripheral vision.
With it I can play long sessions with absolutely zero problems. Without... Well a short glance at the sky would make me sick veeeery fast.
It had a bit of a rough release, but I really like Pacer. It's by a team that includes a number of people that worked on the Wipeout games. It's not aiming at the same retro vibes as BallisticNG or the absolute speed over all else of Redout, it's more like a modernised take on Wipeout 2097 or 3