Not really tbh. his 1.6 shell may be awesome, that £1000 one may be a crap shell, to get a decent 16v your looking at around £1500 -£2000 going up to £3000.
Arnt kr engines like £80? then the other stuff needed for it to work, surely it wouldnt cost over a grand.
Or maybe put a 2.0l in there.