Yeah, very easy to swap in a BONE STOCK L28ET. Who wants that? Put an adjustable fuel pressure regulator on and you'll FAIL the visual. Swapping in a stock turbo motor is a waste of time I think. If you have to go bone stock, you might want to start with something that makes some decent power, LT1, LS1, etc.
I'd find a 75, then not drive like an idiot or put big stripes and a wing on it. Do your racing at the track, and you'll be fine. I never even got pulled over in my Z when I lived in CA.
Just my $.02,