But Marcus: the natural thing to do when the back end begins to come around is to counter-steer.
It certainly is. I'm not sure where you draw the line.There are two things here. Not counter steering up on the banked oval and picking predictable or safe path during loss of control of the car.
Stephan I'll apologize again, perhaps I shouldn't post at 3:00 in the morning. I didn't get taught this and probably learned it the hard way - I was lucky, perhaps 50% and it could have gone the other way. So I just wanted to say it for people to think about.  
On the banked oval you are at high speed in a very long and narrow corner. Because of your speed you are basically at the limit on a long narrow ribbon of pavement. If you need to do a correction that requires any real counter steering, you have likely made an appointment with the wall. Maybe it's a combination of the 180 degrees, which makes for a lot of wall, and the higher speed. If your going twice as fast, you slide four times as far and/or hit four times as hard. There's a lot going against you.
If we get to drive the South oval configuration again it's something to think about. Counter steering is a bad instinct there.
The other thing is getting on the brakes soon and getting on a predictable or safe path. Both feet in basically right away. You want your car on a predictable path. There are other people on the track, if they can't tell where your car is going things get worse. If the car is sliding right and then sliding left, imagine all the traffic behind dodging one way then the other.
This doesn't mean you can't work the wheel, trying to balance the car. You can be on the edge and catch it. I think the oval track mantra is "Never turn right".
So I can't see or tell that anything wrong was done here because I can't see out of the cars windows in the video. But thought I would bring this up for discussion.