The 3rd gens HAVE proven themselves time and time again... BUT it's all relative. 1982 technology isn't as good as it was in the 90's. If you lower a 3rd gen to get a great stance, you have suspension limitations and bump steer problems.
"Rybar" said that there will be a demand for such a thing, and i completely agree. I have owned my 1982 TA for 7 years now and it was my first car. I have mild suspension upgrades and a 4pt Autopower rollbar... and I can feel the car twist going up the driveway. No, I don't have subframe connectors, but it's still weak. Also my 5 year old paint job is already cracked at the top rear seam where the roof meets the rear pillar.
So while it may be 'good enough' for the cheaper guys, there is a lot of room for improvement.
-Dale Schwartz
Schwartz Performance Inc.