In US Spec...
... which I'm familiar with, the M30B35 engine (E34) vs. the M30B34 engine (E28) had a significant power difference. The B35 motor is rated at like 205HP , 215 ft/lbs torque. The B34 motor was about 180HP and 180 torque. (all from memory). Physical diffs include compression ratios, intake port size, intake valve size, cam, and ECU.
You mentioned you had a M535 engine and seem to be non-US. Is it a eurospec engine? If so, I believe the power will be similiar to the US spec B35.

Originally Posted by
grr
Jeff:
3. Seems like an automatic engine harness.
4. It's only the oil level plug thats been cut off. Three blue cables.
5. Correct.
6. Yes, it's a E28 535i manual gear box on it. There's been done some work either to shorten or lengthen the axle. This was done before I bought "the project".
I've already got an E34 engine laying around, with a complete drivetrain and front and back axle.. it's the backup plan. But i'd prefer to get this E28 engine running, because the E34 engine was originally bought to convert the 520i to a 535ia.
Why would the E28-engined E34 end up underpowered?
Bellevue WA
90 535iM - not much stock remains. 3.7 liters, ported head, cammed, 3.73 diffy, M5 brakes, MAFed, yadda yadda yadda
86 Porsche 951 - Track Toy