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170hp is also a vague period assumption. 190-200+ is probably nearer what competition ones get theses days, even using period regulations.
Alfaholics will build you a 1.6 with full period homologation (FIA app.K) and c.180bhp. Wouldn't imagine you'll get any change out of £25k though.
Alternatively, you can have a more modern 2.0l TS, with up to 240 bhp.
They all sound utterly gorgeous
Personally, my favorite is the GTAm-R
Dat ass