All the engines are excellent in their own ways. Obviously, the later engines have been built with tunability in mind.
In response to danny_p, yes the ARZ has a stronger bottom end. Actually the ARZ isn't a well-known engine by many, but combines the best of both worlds: stronger bottom end and drive-by-wire: the ideal package, in my opinion.
A member from another forum had a ARZ engine with KO4 turbo and Audi S3 injectors, plus other bits to cope with the power, and was achieving 260 bhp no sweat.