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Yeah, head gasket is much more simple to do than an engine swap. Unless you have a great deal of sentimental value for this car, fix the head gasket, DD the turtle (fx owner myself ^-^) and get yourself a weekend car to mess around with.
The money required to swap a new or rebuilt 4-ac will be at least 700 dollars, and doing a 4-ac power pack/4age/whatever swap into it will run you a lot of money than the performance you will get, unfortunately.
I recommend that you see if any local community colleges are looking for projects for their students. Schools will usually charge only for replacement parts, labor and other usual expenses are waived so that the students can get experience. Get your fx in, let them deal with the headaches, and while they are at it, they can do diagnostic procedures to check for any other problems that the poor car might have.
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