With any conversion, the devil is in the details and there are a LOT of details with these cars. Early on in my ownership I looked hard at conversion options. My goals are:
More power, completely street legal in Commiefornia, and dead nuts reliable. Cost was less important if I could accomplish the other three.
So far, none of the conversions look viable for my needs. Several do make more power and are suitable for track use if you can find a reasonable competition class to run where you won't be classed with Grand Am Cup cars or Ford GTs. Getting a conversion past the CA smog nazis is the greatest hurdle and would probably require a large cash donation to the governor's favorite charity
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Reliability has also been a big issue with most conversions. The new engine runs fine but takes out transaxles or has other gremlins associated with the chassis electronics interface. This results in a lot of quality time in the cold pits diagnosing and repairing problems while all my friends are out driving. This doesn't work for me as I find my joy turning the steering wheel rather than turning wrenches. It nullifies the primary reason for considering a conversion in the first place. I want a reliable car, not a continuous science project.
Solve these issues and you just might have something.