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For what it's worth, I am in the middle of a "mild-rod" for future highway trips and backroad adventures that will eventually turn into a daily driver (wallet willing). My motivation was that my 1977 911 had 207k miles and pretty much needed everything to some degree, so why not make things marginally better while I'm there for drivability/comfort/reliability. Examples: re-covered seats, added seat heating pads; redoing suspension, adding poly-bronze bearings for longer service life and turbo tie rods for better road feel; re-doing AC system, will eventually bite the bullet and pay for that platinum electric system. "Hot" rod does feel inappropriate for these little cars, I think just breathing on them for usability and comfort and general enhancement is the play.
If I wanted a true hot-rod, I would have bought the 1968 Chevrolet Chevelle with the 350, 4 speed, red paint, black stripes, and roll bar that was on a used car lot within walking distance near college for 3 months straight. Still kicking myself I didn't do that, but then again if I had I'd probably have gone around every corner sideways and ended up with a lot of tickets.
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