The first problem is most track bikes are built too light to be strong enough to handle the extra weight and power of being motorized. even many road bikes are still built too flimsy. these bikes are designed to be only strong enough to survive human power used in the way they were designed, any extra material for added strength would add weight, and be counter to their purpose.
If you want a light weight ebike, start looking at touring bikes as a starting platform. They are built to handle the extra weight and will withstand the abuse of adding the equivalent of a second rider's worth of power.
Ebrakes aren't a reliable way to stop a bike. While they work awesome as a supplemental brake or "drag" brake, they are no good as a primary brake. You will also add a huge amount of weight to the bike by using a motor capable of regen braking. If you want to keep your bike light, stick with a small geared hub motor (Q85, Q100, Q100H, etc) and a conventional brake.
Torque sleep is just a marketing name Tesla uses for part of their power distribution profile. Its neat that they gave it a name, but few people are going to know what you're talking about unless you explain it. Yes, something similar can be done about the drag from the motor when not under power. In the ebike lexicon, it's called "Cogging". Nothing like the "Torque Sleep" exists because it isn't much of a problem, but you could design a circuit that detected the BEMF (back EMF) and applied enough power to result in a near neutral drag profile if you chose.
Most hub motors experience 10-15 watts worth of drag when unpowered at very fast pedal speeds. It feels roughly equivalent to riding with your tire 10lbs low. Even monster motors like I use on my monster bike have so little cogging that I can enjoy a long ride without much concern over the drag. Sure, I work a bit harder to ride, but then on any Ebike you will be carrying 20-40lbs more weight anyway.
The thing to remember is once you add all the components needed to power a bike, it's never going to handle like a non powered bike again. It will be heavier and the center of mass will be different. Compared to your lightweight track bike, even a well built Ebike will feel like a wallowing pig when ridden unpowered.
...... but then the power kicks in, and..
