the 3500 topswap is well werth it, but ive heard some problems with it because the heads dont match the 3100 block 100%
Which is why I'd always recommend a 3400 Top Swap since the head pattern is correct.
I'm sure a Milzy Cam, 3400 P&P'd Heads, P&P 3400 Intake Manifold, Larger TB, and headers...should net you at least 200 WHP...which would make a decent 14 second daily driver...but don't expect your HP per $ figure to be worth a crap.
I agree but wouldnt starting with a 3400 block be better since the pistons are larger and putting p&p'd 3400 heads and 3500 intake plenum make for a better n/a car,
But starting with a 3100 block and a 3400 topswap(what you said) sounds like a good turbo setup, and milzy gots a turbo cam setup that ive read good things about. what do you think?