i intend on building a simerlar thing, im aiming for 500kg's.
it would be a track car only. i would be using a ca18det becuase they are still resonably compact yet make more than enough power to be extreamly fast in a very light car. i would also be using more of a silvia suspension setup. im not sure if a hilux diff or an irs setup. pannles would be minimal, just around the cabin, and a front scoop to direct air to the cooler/radiator.
it would be nice to register such a beast but it would as have been stated it would cost too much to build one from scratch or register, hell building one like this is still going to cost 15-20k with a dirty old ca!