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Porsche has only five distinct models, but the Stuttgart-based automaker is famously devoted to subtle (and not-so-subtle) diversity. There are four versions each of the Boxster, Cayman, and Cayenne, and the 911 boasts a staggering 23 variants, from the $79,000 Carrera to the $245,000 GT2 RS. And the newest name ...

When Bill Lyon competes in vintage races, which he does on a fairly regular basis, he usually drives a Porsche—a 1957 356 Carrera, a 1960 RS 60, or a 1961 Carrera Abarth. But he plans to race in a different marque soon, a bright-red 1965 Alfa Romeo TZ2 that he ...