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I am truly happy for you Cockbag. Now, you have no excuse not to have an excellent E30 M3 for the $15k+ you saved on this deal.
Now you can buy copious amounts of Euro parts...
I would really think about popping off the rod caps and replacing the bearings before you even start the car. a spun bearing gets expensive really fast and for a car sitting that long it is probably going to happen. search S14.net for rod bearing failures.
I think an "Evo" 2.5L build would be the perfect complement to a streetable E30 M3. The E3 cams are just a tad more aggressive and perfectly streetable from what I gather. Upgrading the engine management and ignition system would be nice too.
S14s are pretty expensive to rebuild. The timing system is really where money flies out of your pocket, as the rails and chain will run around $750. The other replacement parts are right in line with other BMW Motorsport engines in terms of cost, and as long as you have a competent machine shop, it's not a whole lot different than other engines.
If you want to hang onto the S14, and it's turned over 100K miles, it's a good idea to refresh the timing system.
The E30 M3 is really an easy to drive car when stock. It turns in so nicely and rotates easily.
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