from time to time I take part of local amateur rally stage competitions. So far I've been driving 740 GLT which has B234F engine and M47 gearbox. I quite like how the car drives/handles but I start to dislike it's size slowly, enough of squeezing the big boot around tight corners. From competitive point of view, 2.3l engine puts me into class with other animals which often have smaller body size and more capable engine. My old man has two 343's rotting in garden, one is in pretty good shape and seems to be suitable for rising from dust. It had full body restoration done just before he pulled it away, thats could be the reason for relative good body condition. Other body is for spare parts.
I got question about engines. It is clear that I can not use current engines for racing(both are 1.4l). What are my best options considering that I have working B234F in that 740? I like the NA aspect of the 234f, how it handles. With wilder cams and tiny modifications I can get it to 190hp area which is goal for me.
I see two options, get a 1.7l red block or one of those renault engines which allows me to compete in smaller class or go for the full bank, add as much power possible. Use the 234f as base and add turbo later etc. That brings me to question, how competitive is that small car in higher speeds?
If 234f is bad match, I could source for B200 bottom end and use the head from 234f in future, that seems next easiest option. Another reason trying to use working 234f is since I got all the parts including engine harness right under my nose already. Sourcing for engine which typically comes without harness means a lot of added work

Any ideas? Thanks!