David, good to see you on this board. Your website is what prompted me to start on a rotary powered 914. I'm the guy with the 3 rotor twin turbo that you have pictured on your website. I'm still gathering parts for the build but should be able to get started with the construction soon. I'll be sure to start a 20B Install thread when I start. I bought a Renegade Hybrids radiator set up for my car which should hopefully take care of the water cooling part. The previous owner of my 914 was doing a flat six install and left me a large oil cooler that I'll plan to use. Intercooling is going to be a challenge though. I'm thinking of either a rear trunk mounted one with fans and ducting or possibly having one that is mounted above the engine and ducted from the roof. A front mount is out of the question because of the limited room and long piping required.
As for the rotary engine sound you are right in that an uncorked rotary is obnoxious. A friend of mine runs with an open wastegate on his RX7. When he gets on it and it dumps to atmosphere people on the sidewalk actually jump or flinch.
I like the sound of the 3 rotor though. They sound somewhat like a v12 and when wound up give that resonance/howl that makes the hair on the back of your neck stand up (sort of like the ferrari howl). Here is a 20b running on a front clip. Doesn't sound too bad in my opinion.
http://members.shaw.ca/erikdumas/3Rotor_Ga...augesOnClip.aviI plan on running the stock twins as they are capable of putting me in the 400 hp club.