I don't recommend using Google Earth even for the top down. It can be crazy inaccurate!I know. I only use Maps for track shape (from top view) and for many details around the track. For elevations I have used different stuff.
But didn`t try using LIDAR, even if I tried to, but couldn`t make it work somehow. Did you?
As for using lidar I have never had any issues with it. NJMP Lightning is on lidar and Watkins Glen has a functioning layout built on lidar as well as Augusta International. Once you load up some lidar data and compare to GE you will see just how bad GE is in just about all aspects. Object placement is all it is good for.