To me it sounds like
@stevehifi is talking about pressures set when cold, and
@gearchruncher I'm guessing your 46+ PSI on track is when hot.
I can't imagine 46+ PSI cold on "street" tires (do you mean 300+ TW?) working well on track...they'd probably overheat and get super greasy with excessive hot pressure in no time if you started them at 46+ PSI cold.
I get using extra high pressure to compensate for soft sidewalls but not all tires need that.
@stevehifi's pressures do sound a little low to me, but not that far off what I run, after accounting for his wider tires. I've been liking 38-39 PSI cold on my 245/45R18 Potenza Sport. Any lower and it feels too low when cold, that overly heavy mushy feeling, but at about 38.5-39.0 PSI cold it feels good and grips well as the tires warm up. (When set to exactly 39 on my cheap pen gauge the car TPMS rounds to 38.)
Adjusting my 39 PSI on 245s for
@stevehifi's 265s gets (245mm / 265mm) * 39 PSI = 36 PSI cold. So, yeah, 33 PSI cold is probably lower than I'd run with 265s, but depending on the exact tires, and driving habits (longer drives vs shorter drives), 33 PSI cold doesn't seem too crazy.
Btw when Tesla service overfilled my tires to 45 PSI cold once...that was not fun. They warmed up to like 48-50 PSI and didn't grip well anymore even just in fast street driving. I don't even know why they'd fill to 45 PSI cold, my door sticker is 42 PSI cold, and same on my other Tesla. Maybe their machine was miscalibrated.