360.....hp?

sounds like you have the potential for a pretty nice car.
you've already got a light car with the best parts.
take it to a track and wring it out a few times.
at some time in the cars life it sounds like a proformance minded
person owned it.
build on his platform he was headed in the right direction.
a worn out 360 with decent gear will give most "hot" cars fits.
i'd have the steering and brakes checked before any fast driving.
how about some pictures?
have fun.