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I could see doing a V8 conversion if it makes you happy but I wonder if it really ends up being a "reasonably cheap solution".
You might consider talking to some people that have done the conversion and ask them how much they ended up spending.
I don't think early Turbos have much collector value but I don't keep up with such things but you're right, the money spent on the V8 would make the car worth less.
Nobody believes this until they prove it for themselves, but one of the most expensive ways to get into Porsche ownership is to buy a cheap "fixer upper".
-Chris
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'80 911 Nogaro blue Phoenix!
'07 BMW 328i 245K miles!
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