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This is one of those things similar to the fact that Marijuana is illegal but Alcohol is fine...
You can argue till you are blue in the face about the merits of each but one is legal and one is not... Or about the % of parts transfered to one chassis to the other... it's illegal...
My question is, though, who the hell would know ? (assuming you did not post here ;-) If you owned both cars and did a nice job welding and painting, who on earth would notice but the most anal Porsche fanatic looking for the secret Vin behind the dash ? (got chalk?)
Certainly not smog stations or the DMV.
The only real issue there in my mind is resale... you have to keep the car forever or you'll be shortchanging the next owner... that's the real sticky part... other than the illegality bit. What you decide to do with your 2 cars inside your garage is your business and pretty damn hard to prove...
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