Ron, thats an interesting point.
Only problem is that my daily drive is a 996 Turbo S, making 450 BHP, and i'm used to it. I don't say this to brag, only to make the point that I would want my '40 to have roughly the same level of performance.
Any ideas on that one (my US V8 engine knowledge is so close to zilch that you must treat me as a total Newbie on this issue...)
A GT40 replica is as near as dammit 40 year old technology which cannot under any circumstances compare with a car that has been constantly developed over the last 100 years (that's what it seems like anyway).
Around 300-350 hp at the wheels of a GT40 replica will be an ass puckering experience for you after the Porsche and require a completely different style, road or track. Sure, you could use more power in a straight line, but putting it to the ground? That is the challenge.
You would do well to read Ross Nicols race track experiences with his well developed replica trying to compete with the dreaded 'P' cars, and he certainly does not lack horsepower.
American V8's were the most wonderful engine idea on the planet. Simple, cheap and a few bucks on after market bits will up the HP faster than any other type of engine to a point. Even after almost 25 years I could assemble a SBC or SBF blindfold but it is the
machining skills that are scarce and expensive in the UK for US iron.
By the way, you might feel that a 'crate' engine, i.e. the LS series you mention may be an economic way of getting the power you desire at the right price, but even if it was a Ford factory crate engine, you would really need to factor in a complete tear down, check, double check, rectify errors, clean and reassemble by someone who is very familiar with the breed.
It could be a very expensive mistake to believe that a factory crate engine is a plug & play device.
I do believe that a member on here had a significant failure with an LS crate motor, but I don't believe we know what the outcome was although he may well have posted it somewhere.
First thing I would do is source a really good US V8 builder in the uk and involve them in the process from the very beginning.
Anyway, good luck in your search.
Here are some UK turnkey engine prices. Don't know the company personally though...
Ford V8 engine builders suppliers tuners 351 302 247 408 492 strokers: British American Engines