Progress is slooooww - after 4 years this is where I'm at:
Type 4 2 liter.
Fuel injected
4 disc brakes with brake booster
Hydraulic clutch
Home made front wing, castor shims, front coil-overs.
Here are some pics:
Carbon fibre'd the rear in case of engine blow-out.
Front:
Home made front wing - this actually made the car feel less "light" in the front, steering is more responsive.
For those that are interested, the hydraulic clutch kit:
It installs inside the tunnel and attaches to the passenger side pedal assembly bolts.
You also need to work through the front of the tunnel - through that little inspection plate on the nose.
I put the feed pipe through the old fuel line opening to go to the supply reservoir (for hydraulic fluid)
Clutch pushrod needs to be installed in place of the old cable hook
Rear slave cylinder
Now I know I'll get flamed for this, but the gear lever was too far to the front of the car making it difficult to reach and change gears, so I shortened the hand brake lever
And installed a home made adapter to move the gear lever back. Now I don't have to lean forward to change gears.
LOL

Even got the running dog painted on, but I think the real Chip Foose will sue my @ss back into a credit crunch for that, so no, I'll think of something else.
Still to do:
Rear camber compensator to be built using a bakkie rear leaf spring (mostly to stop it squating too low in the rear)
Change of wheels - looking for 17" in the back.
Then motor and gear box.
Here's hoping for LOTS of free time in 2012 to work on the buggy.
Mario