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If you wanted to give the 1.4 a chace it will need a free flowing exhaust. I'm sure no on e would notice very slight porting of the head and slightly reworked cam????
In fairness the 1.4 is not much slower than a 1.7 tbh.
with that done and the apropiate suspension mods you would have a good car. You will struggle agains the revvy 16v lumps - you'll just have to give it that little bit extra.