My M42 has blown a head gasket and has over 200,000 miles on it. I am probably going ahead and just replace the engine. I have several friends in the salvage business that will buy a wrecked 318 for me and let me pull the engine and then resell the car. Wrecked, they go for about 10-15% of retail or about $600 to $1500. After reselling the car, I would have a very low cost engine with a lot fewer miles. A 10 year old Roadster retails for $10K and a 318 sedan/coupe for about $7500.
My question is: Out of the different M42 and M44 motors, which would you consider the most desirable. I plan on swapping oil pans and intakes and keeping all of the 1991 318is electronics.