Thanks, Aeronca. I'll take a peek - and any line on a nice set of used rims you get, I'd appreciate dropping a line.
Grampy - for ignition I'm going to use a Pertronix flamethrower distributor. I had one on my street Bugeye before I converted it to crank trigger megajolt (and unwisely sold the flamethrower), but with the pertronix coil it seemed to be a good unit. With a race engine the most important thing is the total advance, if you are running your engine between 4000 and 7000 rpm, as a limited prep 1275 is set up to run, you should be at full advance throughout that range, which will be from 31 to 33 degrees BTDC. Other things I've done to engine: full prep rods (Hap), Venolia pistons, aluminim flywheel, modified clutch cover, solid center disc from WC, Cooper S damper, gilmer drive water pump with 4 1/4 inch pulley, nitrided crank, head flowed (you may have to go through a dozen 1316 heads to find a real good one - Hap can do this, or George Bauchman in Ohio, waisted stainless valves (yes, they are legal, they're pictured in the factory manual), secret LP cam, APT lifters, vernier cam drive. I spent a bunch of money back in March when the dollar was high against the pound buyiong stuff from Minisport, that's paying off -