Speedsters are fun cars that draw attention every where you go and are a blast to drive (hey- what can I say? That's why I'm a member here!).
That said, everybody also loves a Mustang convertible, and it is a classic car that you could literally get into and drive any where, any time with rock solid reliability, it's value always escalating. You really have to know your way around an aircooled engine to be a successful long term owner of a Speedster. Unless you're familiar with the peculiarities of aircooled technology (actually, the word technology is a little misleading, as these little watch winders come from a time when the automotive world was barely out of it's infancy), like tinkering and have fallen deeply (and I mean very deeply!) head over heels in love with Speedsters, keep the Mustang. I think that after the initial infatuation wears off (and realizing he got the better end of the deal) you'll regret letting the Pony go.
I don't think it is possible for his 1776 cc motor to produce 105 hp. That is a bit of an exaggeration.
It is possible for a 1776 to make that kind of power, but you're not going to do it with no porting, stock valve sizes, 8 1/2:1, Ict's and a 5500 rpm redline. There's no link to the Speedster- do we know what's in the engine?
@Our356- I hate to say this, but I think the Speedster is overpriced by 20- 25% (or a little more, as both Wolfie and Gordon have suggested)- unless there's stuff in it that we're not seeing. It's certainly not an even swap.
PS- After seeing your pic (and reading that he approached you), he's trying to tempt you and trade up- keep the Mustang!
Hope this helps. Al