What a great road Ben! Thanks for the interesting link.
Is it sealed all the way up?
It's not unlike a lot of our sealed mountain passes here, which are great fun for high speed driving, and the massive drops just give you more incentive to stay on the road
I know what you mean about cooking the brakes. I think most NZ enthusiasts will have experienced that at some stage on our passes. Pumping the pedal frantically as it goes to the floor as a tight corner looms up, then toss the whole lot sideways to try and scrub off some speed and avoid impending doom. Realistically there's usually a slight warning before the brakes go away completely so you can generally manage the problem. It's not so bad if you're driving but it can be a bit un-nerving if you're a passenger! Passengers tend to look at the drops, the driver is only concentrating on the road!
My road car has the hardest pads I can buy, they don't work particularly well when cold around town but boy are they good on the high speed downhill when it really counts. If you drive quickly and frequently over these passes it's also important to run top (race) quality brake fluid and change it annually otherwise it will become contaminated and boil at a much lower temperature.
Our roads here also have that same cloud/visibility problem which can come in at any time. Also, even in summer snow can come in with virtually no warning and motorists can be temporarily stranded.
The photo you posted of that road is just crying out for a GT40 thundering up it

And uphill is easy on the brakes
What sort of car did your father compete in?
Cheers