I know Roger has as much technical sense as anyone...Spend some time perusing the builds and designs on the "superlite" web site and see if you still want to go in that direction.
The GT transaxle move is a good one, my first thought with the Ferrari stuff is its a complete waste of time except for a low powered show car like Ferrambo (which I do like quite a bit - the stitched leather wire wrap - yum).
My answer is a simplified LeMans prototype design using some simple forms and shaped aluminum body panels, maybe open cockpit to get away from the nightmare of doors/glass/seals. I've always wanted to do a replica of the Bentley (so much for closed cockpit). That kind of plan can look a bit goofy when raised to 4" ride height though.
I'm not a big fan of putting mid-engine drivetrains in "front" engine bodies or street rod designs myself. Just doesn't seem right and IMO the numbers don't work out, the driver will end up pushed too far into the windshield and there is no engine access.
Another crazy idea, look up the Satan's Ladybug build thread on PT in project updates (he might be posted here too). He recently posted some photos of race VW bugs and there is one that looks almost 930 Moby Dick style that is just too much. That could be a cool and very different project without the cost and redundancy of doing a 911 based project. That would also get you around emissions concerns as you could title it as an early Bug.
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