I know the MX5 is very popular and easy and cheap to buy, but do you have to use it as a basis for your car?
Conversions of the type you refer to above, like the A352, Sammio Spyder, Fiorano Corsa and Formosa 120GR offer a number of significant advantages by using separate chassis donors.
These include: No IVA (-£500), no road tax (-£250/year), classic car insurance (-£££) and legitimate use of black plates with the option to buy a dateless plate instead of nasty reflective ones with a recent year letter.
In a low, light car the old Triumph or Scimitar chassis' actually do handle (the Scimitar was pretty good in the first place and the small-chassis Triumphs are fine once you replace all the bushes, shocks, tyres etc.), and (with a bit of engineering know-how) it's easy enough to fit a modern or uprated motor and gearbox if you want a bit more oomph under your right hoof.
Anyway, good luck with your project and these are just my thoughts...
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