I have a friend who owns one. It came with a 302, and the ugly little car is a blast to ride in, as long as you don't come across anybody who you know. Something like that gets facebooked, or Instagramed, and your finished. Lol!
All kidding aside, as Charley stated, you could absolutely enjoy this car as a track car, but do your homework up front, concerning how much your going to spend to make this car "racey".