I keep meaning to show you guys Mike French's Toyo-Spridget.
Mike's a pal of mine who's been racing wheel-to-wheel in Spridgets for years, but this is more of a "street-toy/track-day car".
Another member here (ChrisS) knows Mike pretty well too.
Mike built it last year and has run it at a bunch of track days.
The pictures here were taken when he and I shared a garage at a NASA track event recently at Pocono (that's my red, race-Escort).
The car (he calls it "The Toy-let") is street legal in New Hampshire
He ran this car at Mt. Tremblant last weekend.
As you can see, it is running carbs and a "normal" distributor (from a Starlet).
Mike's not a computer guy, so this car is more old-school in terms of electronics.
I think he told me this is the "small-bearing" 4A-GE engine.
Running a race-modded Sprite rear with strong axles and double-bearing hubs. He had it dynoed. I forget the exact number but about 120 HP to the rear wheels.
It has a Corolla 5-speed trans.
Mike removed the trans tunnel and built a steel cage to replace it...then sheet metal over that. Footwell room is reduced somewhat. He also feels that a full cage is a "must" to make up for the removal of certain load bearing areas.
Anyway, if you need Mike's contact info, I have it.