I went for the M111 and the transmission option because I reckon the lighter M111 engine will suit the W201 a bit better - I'm assuming the M111 transmission is a manual gearbox (this could be a poor now I come to think a bit more about it though).
Ideally a M111 with a supercharger would be best. You'd end up with a buzzy little W201 that would probably piss all over a Cosworth with out having to resort to the heavier M103 / M104 alternatives.
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