Very good points, all around. I see the homebrew-L27 vs L28 money argument, and understand that. Even if I am doing the machinework myself, it's still gonna cost money to get the pistons and pins, so I agree on this point. The only reason I considered it is that this block probably will need boring anyway, as the PO ran with no air filter for some amount of time, and when I got it the dry compression test ran 82-85-85-75-90-92. Ick.
(For those who wonder how I came up with the numbers: the CA18XXX engines use a 84.5mm piston, and from all references I can find, it's got a 38mm pin height, making it essentially a drop-in replacement for the L24. The L-26 crank came from all the folks who'll be dropping the LD28 crank in, leaving lots of stock out there. See, I was kinda thinking. The fact that the L24 made more horsepower than the L26 or L28 also had me a little swayed.)
EFI is out of the question, I already will be reworking the wiring harness in this car, and don't need anymore complications. Besides, I think the dual SUs are pretty sweet myself. And like you said, they are capable of good mileage too.
Exhaust work is in. I'm a good welder, according to my instructor at school, and welding coke cans with a torch is my specialty. (Not at the rims, mind you, but actually slashing the can up and welding it back together.) Having access to a good pipe bender, and a CNC plasma cutter machine up at the school makes a custom header simple, as long as I'm buying the material.
So, what are we left with? lesse....
Find a solid L28, -400$ (5-7 paychecks)
sell off the uneeded head and EFI intake, +200$ or so
sell the extra L28 electronic distributor, I've already got one. +30$
sell the worn L24 block, ???$
So, that's about 200$ to buy the new block, pistons, ect. (playing fast and loose with the numbers here.)
Considering that the headwork cost should be minimal, (as if that even applies here, minimal is still costly) what kinds of things should I search for here as far as E-88 modifications?
Thanks for the warning guys, had I not found this forum, I could have wasted a lot of money. Guess i better start looking for that L28...