Australia has Formula First - ball joint beams, 1600 dual port engines, lots of potential - they have hp regs but they're mainly detuned 120hp $15k+ stockish OE VW dual port 1600 engines. That's where I was going. Unfortunately, I'd be up against all the other open wheel cars as it wouldn't officially fit in Formula Vee, or any low-displacement open wheel class.
(the thought of dropping in a turbo 2332 was passed around though
400hp in a 800 pound car FTMFW!!!!)