I think that the biggest problem that you will face is the dimensions of the Locost Vs the body shell of your choice. The cockpit of the low-cost is a long way back and is almost over the rear wheels where as the spitfire/herald are far more central.
Im certain that it could be done however the bonnet would need to be VERY long, the rear deck shortened and the rear arches moved forward. In my opinion this would ruin the style and the finished article would look very different to the 50s style racer that we all love.
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