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Its a tuff decision. Seeing what a built m10 can do and seeing to cost of parts. I was gonna rebuild an m20 for Turbo but a 2300lb car making 300+ HP. Plus the suspension options for the IX are very limited.
Ask yourself if you are really going to build the capable m10 motor to achieve 300hp?
Like really, not saying you can't or wont but just sit and think about.
You should get cash on top of your trade by the way.
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