well, M20/M50 size and ease of working on compared to the V8 is a huge plus, you will have a VERY hard time getting any kind of turbo on the M60, there just isnt enough room!
for the same money as an M60 swap, you can megasquirt with twin turbos, and put in some higher performance engine internals. it would be nice if you could find a 2.5L M20 engine from a junkyard or something, send it to metric mechanic, have them build it into 3L rally spec version. even though its only about 220HP, it revs REALLY high and pull hard all the way.
of course you do have a lot of options, and you need to decide if you want cheap, best bang for the buck reliable, or over the top insane.
there are many different engine swap choices, like S50s, S38s, M30s, M20s..... M60s if you really wanna go there, and if you can find an easy fit at the junkyard for cheap thats in good condition, use it.
you will definately need to change out the transmission, as you will rip it apart in seconds with a powerful engine. see if you can get the engine/trans/diff/axels/exhaust/wiring/mounting from a 535 manual.
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