Very cool Rick, you are a gentleman. I agree with your assesment & estimates. I don't think you put it in an offensive way at all.
To AIV:Sounds like you're pretty realistic in your approach. The motor sounds good! Nice & responsive! Just do yourself a favor & put a PCV valve in one of the valve covers & a breather in the other otherwise you'll develope oil leaks. You will definitely have something fun to drive when it's together. Give us an update!