Since no one has posted anything under "T" Series Performance (I know, we're talking mutually exclusive terms here), allow me to throw my $0.05 onto the table first!
I purchased a '51 TD in dire need of serious TLC, paint, and interior in 1999. The engine had been rebuilt in the early 70's by an airline mechanic, other than that, it was bone stock and original. Most important, it was all there (along with a lot of bolts, screws, nuts, and wiring "borrowed" from United Airlines). My son and I did a tub-on-frame restoration in 2000, with the goal of a fun "driver" vice show car.
Some thoughts for those of you thinking of, or in the process of, a TD restoration and are not interested in a 100-point concourse museum artifact:
Replace the stock rear axle ring and pinion setup (5.125) with the MGA 4.55 ratio. The improvement in city traffic drivability is worth every penny.
Replace the points with an electronic ignitor kit (we used the Pertronix unit). The engine runs much, much better, smoother, and even an extra hp or two.
Throw away those "authentic" bias ply tires, and use only new steel-belted radials (VW Bug tires match the original T specs) with SBR-rated inner tubes (the TD/TF-series pressed steel wheels are not air-tight).
Finally, purchase the New England MGT Register's "The "T" Series MG Handbook" - the bible of "T" Series knowledge, tune-ups, and performance specs for "stage-tuning" your XPAG.
Just my $0.05 worth!