Welcome aboard Skunkman!
You took the correct first step by asking questions on this Speedster replica forum. Be advised that it helps to take comments on this site with a grain of salt. If you were similarly involved on a Cobra Forum (or ANY internet discussion), you know what I'm talking about.
Some SOCers want to go fast, some want to cruise. Whatever your poison, the trick is to drive your replica within its design limitations along with realistic expectations. This piece of advise is the variant in how much tinkering your replica will need, and its longevity.
FWIW- here is another perspective. I outlived my speed freak phase (been there - done that) and wanted a fun car that was reliable and inexpensive to maintain. I have that in my '95 Vintage Speedster as my daily driver (SoCal). 1835cc cranking out maybe 70hp at the wheels. Approaching 90,000 miles of relatively trouble-free cruising with only routine maintenance (tune-up, oil change, valve adjustment, etc).
Spend what you can afford and drive within the car's capacity, and you'll have MANY miles of enjoyable top-down cruising to look forward to!
WELCOME TO THE MADNESS!!