I agree, ditch the ps. Don't imitate MINI; that system is prone to failure due to a couple of bad design features. I own a 2004 MINI S, and I'm replacing my electric pump at 80k, and I've heard some stories. I got the pump "offline," and I'll do the job myself, but the shop repair starts at $800 for the pump. I'm also moving the silly little cooling fan to a safer location, and then I'll make a protective shield for the electric ps pump. I'm not really very fond of the buzzing pump, either. I would consider manual rack & pinion for the MINI, if it weren't such a pain to swap pieces, and MINI never came with manual steering.
I'm finishing an m42 in my '76 2002, and I'm used an e21 manual rack. I'm sure it will do just fine, and the e30 can't be much heavier.
Good luck, Jim