I have a friend who knew of my train hobby and showed me this picture of an O-27 layout (he didn't know what he was showing me, I explained). I showed him some O-27 track which he promptly deemed "old-fashioned" (I laughed). I showed him some FasTrack and explained the difference in curves but I told him I would try to make this design still fit into 4x8. I came fairly close but I thought I would post this to see if anyone else could get closer. I tried turning it just a few degrees as well but it still didn't make the cut. I actually like the small curve myself but again I'll let others experiment. You will see in the picture it didn't incorporate two loops, I added that part.
He'll have a heart attack when I show him the price, I might try this with Real Trax as I think they are a little less expensive and still have O-31 too.