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Is that a 240ZX, or do you mean 240Z?
The 240Z is the lightest. The later models (280ZX, 300ZX) are more powerful, but they also carry more weight around with them.
ALL of the Z's have enormous engine bays- they originally held long straight sixes. I've seen GM big blocks installed. Small block V-8's are common.
280ZX are less expensive (read REALLY CHEAP). The T-top was not considered a desirable design.
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'92 LS-not-so-L: the "SVreX"- Saved from a crusher, an SVX racer built by home schooled students for less than $2000 (including purchase price). 13.8 second 1/4 mile. Autocrossing monster!! 
'92 LS-L Claret: '01 RS 4:11 5-speed, Exedy organic, lightened flywheel, and Koni/ GC 
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