Thought id give everyone a little update. After owning the car for the last 4 months it hasn't missed a beat. Engine definitely feels strong and no major issues have arisen.
Only bump in the road was an accident I had last month where I was hit in the left quarter panel. Big thanks to PB260Z for supplying me a replacement indicator and I finally got the car back yesterday.
Additions I have been able to do to the car was a digital dash from the US (Don't ask, I'm a corny lover of 80's retro tech) and I replaced the plastic 82 model side pillars with the earlier chrome equivalents (I think they look better) and added an alarm so I can feel somewhat secure. I also obtained a Weber 60mm throttle body which I have yet the time to install.
My main focus now is getting megasquirt setup in motion once all the parts I need have arrived. I was originally going to get a turbo distributor and oil drive to do this, but after ordering these I realized the Megasquirt 2 I owned from my old 525i is wired up for a VR crank wheel (Expect to see these on the for sale section when they arrive :-p ). I have now purchased a Hoke Performance trigger kit and will be looking at modifying a stock dampener so I am able to retain power steering and A/C. I also have purchased a replacement fuel rail to tidy up the factory trombone mess that it is.
I am not really looking to gain power from this endeavour, but my focus will be to improve the overall efficiency of the car and modernise it a little.
Anyway, i'll keep everyone posted once i've made more progress. Also, if anyone that knows a good machine shop that will be able to remove some meat off a Harmonic balancer please let me know.
Edited by manya3084, 21 February 2016 - 02:04 AM.