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i asked myself the same question, go with the 3S-GTE swap, grap an MR2 turbo tranny, and a good clutch and your set. If you can find the ST-206 motor(1994-1998) then your lookin at 260hp, you'll loose some of that power because only the two front wheels are pullin it. You can always upgrade the turbo later, and always do more upgrades. Plus the swapped motor is made for a turbo, so you can probably push the psi higher than that of the 5S-FE.
I also plan to do the swap, but i wanna find out if its possible to turn the FWD into a 4WD. If anyone knows if this can be done please let me know. Good luck with whatever you decide to do. Just remember, BIG BLOW OFF VALVE, i love the sound of turbo.
I also recommend doing a brake upgrade for extra stopping power, and the alltrac hood, cause the motor has a top mount intake.
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FS: 17" ADR Ryver w/Firestone Firehawks 235/45ZR17
MOMO Shift knob/ ebrake w/boots
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