I really don't see how you are going to get this done reliably on a $1500 budget unless you find a really good deal on a running 350 that already has good enough heads in the bolt pattern that you need for your TPI intake. You certainly aren't going to have an almost 400hp car with a stock TPI + mild cam. However if you are looking for a car with street performance comparable to a stock LS1 car, then you should be in good shape - the TPI setup will help you make plenty of torque down low, right where you need it for a street car.
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Originally Posted by BullittSVT
Sell car, buy 350 3rd Gen with forumla money + 1000 and you have yourself a hopefully trouble free street car..
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91-92 Formula 350s don't come cheap in decent shape, and even so, he'd still be sitting at only 245hp/345tq.
- Justin