From a purely practical and moral stand-point, You are 100% correct, in this case. However, You do not need to convince us, just the Feds and the Insurance company.
Read the posts, below. They are 100% correct.
Beofre, 2005 some people imported some Elises as 'kit cars' i.e. no drive-train. They put Honda drive trains in them. This is how the whole 'swap' business started. See SunSpeed.com. People managed to register them with the state DMV. I belive the Feds even went after the importers with a vengence...
We cannot even impoert a US Elige into Canada and it is the SAME car! Those guys have no sense of reason.... or humor.
Be caraful! Figure out the risk/reward, etc., etc.
Besides, after a certain point of tracking the car, it just does not work for the street, anymore!
or it is too slow on thrack!
Why? You can drive a home-made car (kit car)...you can drive a '70s built car...none have the "standards" required by DOT today. So what! I don't have the required theft protection. So what! I don't have the mandatory explosive devices (air bags) in my car. Let's see...what other stupid @$$ requirements are there?