That's awesome Echo, congrats on the car. But to be honest, I actually got it for $5000 which was a steal. The owner was buying a boat and just tossed it up on Ebay. It turned out it was in the DC area so I checked it out, did a carfax report and bid on it. Turned out great!
The PCA events are fantastic. My first autox with the Prelude was at one of thier events. The guy that rode along with me was really helpful.
As far as the mod questions above. It's already got a chip, I need to ask the owner which one it is. I can't get the damn thing through emissions so far, could be the Cat. I was going to run it in the stock class but with the chip I can't. Not a big deal, I hear that particular class around here is a little easier anyway. I'd like to get it solidly into the 300+hp range over the next few years. I hear much more than 400hp and you're going to get into some reliability issues. I'm going to concentrate on making it reliable, then check out the suspension, see where there can be any improvements. But Motortrend called it the best handling car in the world in 86. Of course that was awhile ago
Perfect 50/50 balance though which is nice. No tail happiness of the 911 hehehe