You could run it on carbs

That would be quite cool.
Or why not try to get a 4afe bottom end if you're wanting a 4age on the cheap.
I ran in a clubsportday with a guy from Wellington who had an fxgt with a 4afe block & internals. He thrashed the hell out of that motor all day and it was still sweet at the end of it.
He even (accidentally) changed into second instead of 4th while doing 7000+ rpm. This wouldve made it rev to somewhere near 10-12000+ rpm.
So you could try that.
Anyone got any ideas what a 4afe shortblock would go for?