Hi Micha
Having built a JBA and a Marlin Cabrio I can see no reason why a JBA would not pass IVA, yes there would need to be modifications but I can't think of any which would be "intensive and expensive mods".
You are right there are bargains out there to be had, but in my experience you see very few, if at all, registered JBA falcons at £1500 - £2000, I suspect for a decent car you would be closer to £4 - £5K.
John
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