I'll give a quick overview here; there's a long detailed thread (titled "Cheap bullet-cam/DVR setup") in the Bargain Shopper forum that hashes out all the gory details including links to manufacturers, except maybe Neuros Technology:
http://www.neurosaudio.com/
Bullet cameras - they're everywhere and pretty cheap. I have two Sonys, but others will work fine; look for lines of resolution, min illumination, I think that's about the major stuff.
Microphones - you'll need 'em. I'm using some that are too sensitive and saturate very easily; we've taped over them to muffle and make them half-functional. While there's not much to record, don't overlook this step - racing video is VERY boring without sound!!! Gotta have engine noise!
There are of course miscellaneous bits of wiring and adapters left out here - power to cameras, etc. I prefer to wire everything in for power - no worries about dead batteries mid-race.
All components are mounted with velcro - they're all light enough to be safe, no worries (and yes, I have crashed with such, nothing came loose; even the roof cameras, velcroed on, recorded PERFECT images throughout the crash).
I have two DVRs (digital video recorder). One is an obsolete (can't buy it anymore except used on eBay) Audiovox PVR1000; there's a Mustek model which is identical except case size and sometimes price. The other is a Neuros Recorder 2. Advantages and disadvantages are as follows:
Advantages:
PVR1000:
Built-in video screen - needed for aiming cameras
Neuros:
VERY light and small - size of a cigarette case
remote control, with lights to indicate record active
double the resolution of the PVR1000 (640x480)
Uses more memory card formats than the PVR 1000
More options to config for recording.
Better long-term support from manufacturer, forums, etc.
Has auto-record on video signal detect - but apparently this isn't quite working as intended right now.
Disadvantages:
PVR1000:
built-in battery; can't seem to get line-in power to work, and sometimes lose battery mid-race leading to a rather short video. As a result, I use this one for my rear camera; usually the start has the most exciting action behind
resolution is low - 320x240 - though this is masked quite a bit by the video format - image quality appears the same as the Neuros
starting recording requires multiple menu selections, no remote. Annoying to have to do on-grid.
weight - it's a little heavier due to the battery and screen - though still way lighter than any other
Memory card size may be limited
Uses only CF cards.
Neuros:
MAJOR: record MUST be stopped before powering down, or NO video will be saved. Can be an issue when it's wired on the kill switch, as mine is. The PVR 1000 will save whatever it has when the battery dies.
No video display - can't aim cameras
Power light only indicates power available, not system on (minor item)
Memory card size may be limited to 2 or 4 Gb (SW upgrades may be on the way)
What would I do different this time? Well, it would be nice to have a split-screen unit like the Chase Cam unit - though I think I'd want a fairly high-res recorder to work it. If nothing else, it might be fun to splice in the cockpit/driver image. So a split-view unit with 3 inputs would be ideal.
I LOVE the flash memory storage - makes download a breeze, immediately after race.
Some kind of working portable video display is a must, for checking camera aim at the track. Since mine are velcroed on, I never LEAVE them on the car, only install when I get there, and check each AM.