Simon, go through the basics. All good tips above. It will even run if the rotor is hooked up backwards, but it won't hit 105 that way LOL.
NO MATTER WHAT, make sure you have effective cooling for both water and oil, and that you have proper oil pressure. Don't forget to either premix or make sure teh oil injectors are injecting. it'll warp the apex seals in no time without proper lubrication.
Check your compression. Get Eckeridge
to loan you a strip recorder. (If you use a normal comp tester, have a friend help while you watch the gauge. As mentioned above, remove the schrader valve to watch it "live".
Here's the code: One pulse (of three) significantly lower than the others, it's a bad side seal. Two pulses low, it's an apex seal. (Generally!) Problems are usually most common in the rear housing. If you find lopsided compression, don't freak, it likely can be rebuilt. But don't run it on the track until you do, or the thing will totally let go, shoot the seals out the exhaust, and take the housings and side plates with it. THEN you're up the creek. A new seal kit from Mazdasport runs a bit over a grand. Puuuuulenty of rotary rebuild knowledge in the Atlanta region.
OK, if the comp is even and decent, then it's time to tune. See if you can't find the old Yaw manual...just to read up and familiarize yourself with a rotarys' carb needs. You'll need a good pressure regulator and fuel pump. (The Hollley 7psi is a cheap/good choice) and you'll need to tweak the carb. It's a bit of tuning, and work. best done on a dyno. Take notes! The jets you need at the ARRC will be far different than a July day at RA.
Jeff Ryans car always had a tad more juice than mine on the straights, but he beat me in the esses, handling counts there and I had an odd transitional oversteer issue there. I was seeing 120 tops into the braking, according to my data.
Gearing will affect that, a tad. I ran 45 series tires with 4.88 gears, with a full airdam, but no splitter, when I recorded those speeds..
Don't expect 120 without a lot of tweaking and tuning. Cold air, cold fuel, etc etc. But 115 should be possible.