Need advice on picking up an abandoned project, Just how much of a masochist am i? Options

[2mAn]

Some of you who know me, know that I've been on the hunt for a long time, sometimes aggressively, sometimes not at all. I recently missed a chance to pick up a extremely loved -6 conversion that was driving but needed love. I now do canyon runs with that car as my friend picked it up. This has lit a fire under me again, and theres a good chance I might be able to make a straight trade for my current fun car.

Heres the stalled project.
http://www.914world.com/bbs2/index.php?showtopic=320529

Just needs the cooling system, the fuel system and a million other little things done... lol

The question is I currently have a finished, running and driving car. Its a blast, but I also live in CA where its a headache to have a car that doesnt contain the OEM motor. I just finished getting this headache done, and I am basically clear for about a year. However, Im not sure I will get a chance to make a swap for a car I want.

I also have a few questions regarding some of the high level needs that the car is going to need.

#1 The Cooling system. I dont want hard lines running underneath the car, I dont really want them running down the center tunnel inside the car. I recall the longs being an option, can both lines be run in the pass side long?

#2 Fuel System. Its a 74 so it should have a fuel injected setup, is the OEM tank easily able to convert for a high pressure pump, or is the pump running external from the tank?

...and finally... is it worth getting rid of the car now, just a few months after finishing it to jump at this opportunity, or do I wait?... I've got a baby coming in February (1st one!) and I think I would have to be nuts to get rid of my fun car for a project that likely will take me well into the summer before I can finish it.

So... how stupid am I for considering this?

Pics for your enjoyment

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(IMG:http://www.914world.com/bbs2/uploads_offsite/live.staticflickr.com-16644-1608264504.2.jpg)

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[MM1]

I had a 2003 MR2 - commuted through the canyons until a jerk in an Excursion +6000 lbs. rear-ended me at a 101 offramp stoplight at 5 am . . .great steering/balance (with sticky, pokey-lookin' 205's all around) . . .with the 2ZZ and the hardtop (I had to wear earplugs in mine with stock exhaust for a 4 hour commute), just enjoy the heck out of it for 6 months and then unload it (if you don't have a place in a CA-smog exempt county, Nevada, Montana, etc.) - with 4 kids under 15yrs. old, I can tell you that 6 months from now, you won't have any time to debug that project. If you have kids already, then you know you'll need that turn-key MR2 to blow of some steam. . .before your head blows off . . .you don't need another "albatross."