My high school in Australia (years 7-12) was structured similarly, there was a gifted program for the high performing students.
I don't think there were other tracks, it was pretty much just high achievers classes and than the regular pool of students.
I can remember vividly my parents wanted to send me to private (Catholic) high school after Primary school. I begged not to be separated from my existing friends who were all going to the local public school (which didn't have a great rep). It was only the presence of these gifted classes which convinced my parents to let me go to the public school. Both of my younger sisters were subsequently sent to Catholic School.
My parents pretty much followed the 'tiger parent' stereotype they put enormous pressure on me to succeed I remember I got 93% on a math test once and my Dad yelling at me and berating me for not doing well enough.
My friends thought my parents were insane, especially when I'd tell them I couldn't go to the movies because my parents were making me study for an upcoming test and things like that. None of my friend's parents seemed to give a shit about their grades.
I'm grateful for opportunities I had as a result of my upbringing, I got into the course I wanted at a good university etc. But looking back now decades later it feels like I was robbed of an adolescence. A lot of people have fond memories of their time in high school all that really stands out to me was enormous amount of pressure I felt, I'm honestly surprised I didn't have some sort of breakdown.
I can remember one of my good friends, who I'd be constantly competing with for top marks seemed to breeze through class with about 1/10th of the effort I put in he'd never study for any tests, he'd be writing up his homework 10 minutes before it was due and getting full marks. I always felt like such a fraud compared to him. I got good grades because my parents leaned so hard on me to put in the work, even at the time I was conscious of that. He got good grades because he was naturally gifted and school came 'easily' to him. Today he has two PHD and is still one of the most intelligent people I know.