The track is almost entirely shortcuts. Try to make your comeback on lap 3, but keep in mind this is when the shock tends to happen and dodging it can be quite powerful. The ending shortcut can also be done itemless with practice.
Arriving from Mario Bros. Circuit, Crown City, Whistlestop Summit, or DK Spaceport
The reverse variant is also pretty much entirely shortcuts. A golden mushroom is really good here for the ending shortcut.