A few of us have a good play with megasquirt now and it's by far the most intuitive and value for money product out there. I know of 2 16v MK1s on megasquirt. I saw my mate's invoice the other day - $1000 for everything you need to valve up a mk1 on EFI (all the ecu and associated sensors/controllers).
so if you feel like taking a whole lot of initiative on board, buy a 16v motor, 5 speed box and megaquirt, then tune and hold on! (that would come in under $4000 if you learn fast)
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