Ive seen it done on a ke 20 & 30 and am waiting for a family member to finish their 70 with one.As far as engines are concerned try & get an ecotec model or series2 vp keep it close to stock & save for cam , rollerrockers1.8 ratio & a hidden N20 system. Speaking from experience this will be more than enough to fry tyres,turboes & any other half assed modded v8. need any info on this sort of build just pm and i can help.
PS ive made 240rwkw out of an internally stock engine so don't be scared to lean on them.
