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Congrats on becoming a Coupe owner! I bought mine partially completed from out of state. If I remember correctly, the MSO that is issued by FFR has a place on the back for ownership transfer, just like a title. Print off a bill of sale ( google "bill of sale" for printable forms ) that you both sign and have notarized just to be on the safe side. Keep it handy when you go to license it, but all they should really need to see is the MSO, and maybe some receipts depending on the state.
As for engines, mine came with a 351W, and I went to a 347. I had to get new headers, but the swap was fairly simple. The 289/302 block engine just looks better and you're not so restricted in your selection of intake manifolds, air cleaners, etc. to get hood clearance. Not to mention weight savings. My first FFR Roadster had a well built 302 that was very quick. Later, I stroked it to 331, more compression, bigger cam, etc. It was more power than I could put through sticky 285 width tires until I was in 3rd gear. After years of driving it and being thoroughly used to the cars manners, it could still scare me.
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