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Steve - you may want to check mine out here in So Cal. It is engineered to the hilt with only the slightest of body mods, runs a HiPo 289 and I recently installed a Mcleod 5 speed which is basically a Tremec T5 on hypersteroids - extremely compact and smaller than the original trans. It weighs 87 lbs dry and gives me a 0.63 overdrive. Small Block Fords require less foot box mods as they are significantly narrower and lighter than a Small Block Chevy. Buick/Olds/Rover 215s are also a very worthy super lightweight option but may not give you as much power as a Ford or Chevy.
As for cost I cannot help you but would suggest a third party crate engine will save you a considerable amount rather than a Ford or Chevy factory crate engine. You may also want to consider installing a Ford 8ā rear end on stock leaf springs, rack and pinion steering and a Mustang II type IFS. My recommendation would be to formulate a plan on how far you want to go and what your budget will allow. I donāt know if Kent Lacy is on this forum but he installed a 289 in one of his 100Ms and it looks absolutely stock until you open the bonnet. I believe he hooked it up to the original 4 speed OD trans.
Russ Thompson built a beautiful 302 Ford powered 100 for long time Healey aficionado Fred Cohen with a new front clip with Mustang II IFS which is also not too far from you.
Rick is absolutely correct that this is one of those exercises that probably doesnāt make financial sense but then again it may not have to if you get what you want - dare I say a Cobra eater. And this is a real car - not a fiberglass replica - just like the original Cobras which sell for north of $1m. Original Healeys are fun to drive but spend 10 minutes in a well sorted āNasty Boyā and it is a whole different dimension of excitement. Cheers, Guy

Richard's right. There's a lot of other options besides a V8 and if you go inline 6 you don't have to do the body mods. David Pfaff has used a Chevy Vortec 4200 Atlas motor. Here's the specs:
The 4.2-liter Atlas LL8, otherwise called the Vortec 4200, was a groundbreaking engine for GM. It featured an all-aluminum construction, dual overhead cams with variable valve timing on the exhaust side, four valves per cylinder, a coil-on-plug ignition system, a high compression ratio of 10:1, and its cylinder heads featured GMās then-prevalent āVortecā engineering designed to maximize airflow.
This combination allowed for the production of 1.06 horsepower per cubic inch ā a total of 270 horsepower at 6,000 rpm. Torque was rated at 275 pound-feet at 3,600 rpm, but 90 percent of peak torque was available between 1,600 and 5,600 rpm.
IM surprised Reid hasn't come on telling us about the articles years ago when:
1 : The Japanese manufacturer used Healey data to design that well fitting 6 Clyn Engine.
Patrick Quinn has pretty much debunked that rumor: http://www.acmefluid.com.au/larry/austinnissan.html
2 : The healey specialist that pioneered this engine swap years ago N was almost run out of Business.
Don't know if Reid was in CONUS during the great Roger Moment v. Mark Lambert wars where the originality vs. engine swap battles were fought. Mark originated the 280Z swap and I even found Richard Mayor's reference to Mark as giving him the idea: https://www.ahexp.com/forum/healeys-list-archive.13/280z-motor-in-a-3000.77331/
Rick,
What kind of car is the pic above with the Vortec engine?