If you pick this up you're going to unload the 320i sooner than later, just a guess.
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The E21 serves the theraputic need to bring a car back from the dead and making it 110%. And I love old european econo-boxes. It's a clean, records kept, one family-owned car (until I bought it). It wont go anywhere, it's the car I can put on a cardigan, tweet cap, grab my library books and pipe and go drifting to the local coffee shop. I love it, because it's just old enough that most people don't know what it is. I get complimented on my 2002 all the time ;).
The 30 would be more of the workhorse. I'd take it to the track, on longer drives and on my daily grind drives.
Although, if I end up with the car and it's not up to making it back onto the road, my E21 might end up with a M42 in it vs. a M20B23. Or it may end up as a track only car. Dunno. I have my sail up, waiting for fate to blow.
And isn't it the rule that you can just have one bimmer?
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