Quote:
Originally Posted by NYNick
A 99-03 996 coupe properly updated and modified will knock the living crap out of anything air cooled for half the money all day long. So will an Accord.
A Cayman will knock the living crap out of the 996, properly set up.
If it were me, I'd buy an early 996, budget $10k in improvements, and get a helluva car for $30-35k total; the whole air cooled persona be damned. 
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The first water cooler I ever drove on track was a 996 Carrera Koni Challenge car. It was an open DE with no run groups or even formal sessions. Everyone out there at once. There was this group of 5-6 997 GT3s running together. All day long I was chasing them down and getting wave ts. I am not done superb driver. 400-500 lbs and race prep does a lot.
I have considered what you suggest but I would start with an '04 C4S and 2wd convert it. That would be a fun hot rod build for under $40k.