"But we have drawn the outside of three so it makes it hard, especially against those two."
While Racer, who was a one-time second favourite to win the Jewels, could earn another shot at the big time with victory tonight, Norvic Nightowl will be signing off for the season regardless of his result.
Good enough to finish fourth behind Border Control in New Zealand's fastest-ever mile at the Jewels, he is starting tonight only because any win would be penalty-free.
"It makes sense because of that and it is right on our back doorstep," says McCaffrey.
"We have given him plenty of standing-start practice and he handled it all right at Alexandra Park last week but had no luck mid-race.
"But he will obviously he hard to beat."