Not Ranked
You guys all have short memories. People built 289 Ford powered TR-4's, and 283 Chevy powered Healy's and kicked serious butt with them. (Cross Bay Blvd., Queens, NY, early '60's)) And there's a white 351W powered TR-6 still doing it in the DC burbs today.
The builder made two mistakes. First he grafted an ersatz Cobra nose onto a perfectly good MG. Second, he blasphemously called it a Cobra instead of what it really is, an MGV8. Who does he think he's fooling? But you're right, some ricer in So. Amboy will buy it, bolt the requisite purple taillights to the lower rear shock mounts, gut the sidepipes into straight pipes, and be the neighborhood Mr. Cool with it.
If the underpinnings, driveline, cooling, etc., are crafted well, he should easily get his $10K for it. We've all seen some halfheartedly thrown together Cobras looking a lot worse, for a lot more money.
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