15 years ago (in 2008), I was neck deep in this conundrum. I had a great car, with a "150 hp" 2110 that probably made about 135 at the crank.
Business was good, I was on the very front end of being middle-aged and T1s were reasonably inexpensive. Of course, so were LS crate engines, which made a $7500 2332 seem really silly, and that's about what a turn-key engine from Pat cost at the time.
Jake was all over the forums plugging hard for his T4 program. I'd ridden in a car with one of his first near-200 hp T4 engines (Paul Harford, for those with a very long memory), and it was a revelation. Torque for days. Power everywhere. Not peaky and itchy, it pulled like... well, like an LS crate engine. I called. We talked. I got a price. It was well over twice as much as CBP T1.
I wasn't married to any builder at that point, so I called Greg at FAT Performance. Greg did not have kind things to say about Jake's pricing. He told me he could build a world-beater 3L T4 for somewhere around $12K. It sounded good, but I had one more call to make.
I talked to Dean Polopolus about a Polo 911/4. For those of you not familiar, the engine is based on a 3.2L 911, with 2 cylinders lopped off. If I'm not mistaken, in 2008 a crankcase, a crankshaft, 2 cams, and a oil pump drive was $35K. Dean was playing with Alois Ruf and the Emorys -- he wasn't super-interested in a midwest guy with a clown car. He actually told me I was wasting his time, as I recall. I probably was.
I (of course) ended up with a T1. Being me, I bought it not from Pat, but from a guy who promised a lot more and delivered significantly less. I needed proof of 200 hp and got it, on a dyno with the world-famous OCCF (Orange County Correction Factor). I paid more than I would have with Pat, and got significantly less. It was not the first time I was overpromised and underdelivered, but it also wasn't the last. In hindsight, I probably would have been happiest with the FAT T4, but I had no idea the world was about to explode as it pertained to all things Porsche and $12K seemed like a lot for a pushrod lawn-mower engine. For reference, a FAT T4 (a 2.8L or something) sold for $18K on BaT 5 years ago. It'd be more today, probably a lot more.
... but by that time I was fully and deeply committed to the T1, for all its warts and foibles. I've got spares for my spares over here, and am piping and wiring for the 2234, which will be an EFI/dry-sump T1 with beehives. There are a lot of ways to skin a cat -- but the advantage to a T4 is the wide bore spacing which allows bigger pistons (It's hard to build real displacement without a big bore).
A 4" bore T1 is possible with enough special stuff, but that's a story for another day.