1976 914 2.0, The project continues on Options

[colingreene]

Thought I would introduce myself here, My name is Colin.
This is one of the first and most informitive 914 forums i found.
Having grown up with the automotive forum culture i figured i would show you all what i bought.
I just picked up a 1976 914 2.0
for

500$ seriously.
Problem is as you can see in this picture.
(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243790.1.jpg)
It needs a bit of work.
the previous owner used this car as a daily driver till the clutch delaminated. he then removed the motor took the trans appart and well, lost interest.
his mess is now my problem
However it could be worse, its a clean straight car and its got most if not all of its paint on it.
While the trans was apart i took it to my local and trusted trans shop but came back with a bill for 1725 to replace all the bearings and synchros. Ouch.
(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243790.2.jpg)

then started tearing the motor down to clean the tin and probably powder coat it.
this car will bankrupt me.
The previous owner said that it ran great and had no leaks.
Right.

(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243790.3.jpg)
(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243790.4.jpg)
(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243790.5.jpg)

Also came with these wheels
(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243791.6.jpg)

My friend bought one also (A 71) for 500$
heres the two of them together
(IMG:http://www.914world.com/bbs2/uploads_offsite/i821.photobucket.com-16526-1383243791.7.jpg)

Ive read so many threads to inspire me to get off my ass and do something with my car so hopefully i can take the things i have learned here and really apply it.
I only have a few questions i cant find the answers to so ill just throw it out there.

Should i bother keeping the stock fuel injection if i want to have some sembalance of performance.
and will the stock fuel injection take to being modified say, headers maybe a mild cam?
How will the car perform stock ish,
while the motor is out is there any must do jobs?
Ive been looking at re enforcing the trailing arms and potentially the brackets for them.
as well as adding the J west shifter stuff.
the shocks and such will need to be replaced, any recommendations for a road car that id like to just handle well, I have one car on race suspension (Ast) and i don't know that i want another one.
And what material is the fan housing, is it aluminum or magnesium, can i get it anodized to protect it?
The car has been sitting for 10 years so the brakes are slightly borked, worth it to keep the stock calipers or do they need an upgrade.
other than that the car only has mild rust here and there ( the hell hole is good the battery tray is mediocre) and it appears that i might have wound up with a decent car.

Thanks for all the help in advance i look forward to getting this poor car back on the road.