This should improve traction in most cases. This may be troublesome if I take the car to the drag strip as I'll have to deal with picking up the front end. On the street and road coarse that should be less of an issue. This will reduce the PMOI, helping the car rotate more easily. There should be a slight weight savings due to shorter exhaust, fuel lines, drive shaft. An added benefit is plenty of room to vent the radiator and intercooler air out the hood and over the car.
The S366 will likely stick up out of the cowl and hood. I'm hoping I can keep the down pipe, and inlet tube under the sheet metal.