Interesting -- the new math core standards here move Algebra to 8th, Geometry 9th, Algebra II 10th (followed by Trig/Pre-Calc or other, 3 yrs required in HS) -- which is roughly a year ahead of the prior standards for my state (after accounting for shifting some topics). That seems odd considering didn't that work in your area, bluemagic.
I can't remember what the tracks were when I was in HS. I believe I had Advanced Algebra/Trig in 11th, and we didn't have Calculus at the school (had to get special permission and go to the nearby university for it). I took a life skills math class my last year just because I wanted to (I didn't need it), though someone (not sure who, counselor? I was averse to persuasion at that age) questioned it an asked if I was sure I didn't want to take something higher level (pre-Calc, maybe). Considering my college plans, I figured I wouldn't need it. In college, I took a logic class (loved it) and a computer programming class for my math credits, did great, but my heart was in other pursuits.
I think I understand better now, that if a kid is mathy and motivated, having the opportunity to accelerate to some degree and go deeper both have value, but not many negatives for a high-ability learner in the long run. I feel better about the approach I think we should take with the school for my two kids -- finding a balance between a faster pace and a deeper understanding, and needing a way to demonstrate growth (specifically not just individual work without support).