Well, there's no perfect solution, and I don't even know what ITE is other than it sounds like a class, but I still say the best bang for the buck (including the notion of dependability) is going to be a conservative race gas tune, rotated mount turbo, EJ25 with CP pistons.
The alternative is a Vette (RE: $$$) and Scott said no to that.
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Slow and low, that is the tempo.
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