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I;d say they Do have it wrong, else more Teams would want to participate.
Constructors building cars are basically businesses hoping to sell cars; results don't matter so much if they can sell a few chassis and spares.
Teams are businesses which generally need results to keep getting sponsorship, and if the teams don't think they will ever be anything but an afterthought---in other words, if they think the playing field is tilted against them---they will either pick another class, another series, or another business.
If the rules were really level between P1(H) and P1, I suspect we'd see more teams trying out P1. As it stands, no one but Rebellion is interested in finishing tenth for their tens of-millions-of-dollars investment.
Nothing can overcome the cubic-dollar effect of a huge team of engineers constantly creating upgrades, but I doubt the best P1 has a chance even against an unsorted P1(H) just because of potential AWD and extra torque out of the corners. I don't see Rebellion ever seeing a podium unless the entire teams of Porsche, Toyota, and Audi pile up at the start or something.
I don't think teams haven't been considering P1 because there weren't enough chassis available. I think teams haven't been considering P1 because they aren't any Competitive chassis available.
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