I know I'm going to get PM's and emails, because I certainly did the last time I ran these numbers in this forum, but so be it. I'm tired of the inaccuracies being semi-legitimized by these discussions about my favorite ITB car.
Jake - I don't know where you found your DIN-to-SAE net conversion factor, but it's dead wrong. The real numbers are... 100 DIN = 98 SAE net, give or take a small fraction of one hp. Your numbers look more like an approximation of DIN-to-SAE gross.
Anyway, the DIN rating for the B20E Volvo, as installed in a 140 series car, was 124 (and that's from the shop manuals, not Wikepeeonya.
) Multiply by .98 and you have
122 stock flywheel SAE net hp. If you multiply 122 x 1.25, you come up with the 152.5 hp, or within 1.7% of the 150 hp "known" legal IT builds run across a reputable dyno. So - let's use the "known" 150 because it seems very legitimate. Multiply 150 by 17 and you arrive at 2550. Add 50 lbs for double wishbone front, 'cuz that's in the process. This puts us within 40 lbs of the current GCR listed 2640. But in all honesty, the car deserves at least a consideration of weight subtraction for the combined effects of:
1 - live rear axle
2 - terrible aero (cd is somewhere north of .40 IIRC, and it's huge to boot)
3 - drivetrain loss greater than average rwd (1950's gearbox design)
So just put it at 2600, maybe 2550 and get on with it. This is NOT an ITC car.