You have a very good idea of what level of performance you desire which is important in selecting a drivetrain for a swap. For those in Europe the Ford T-9 transmission is widely available and fits most applications well, so selecting an engine which will mate up to that makes things a lot easier, although the Toyota combination would work well also.
I would recommend considering replacing the differential as well, as it is a potential weak link and gear ratio selections are very limited. With the increased torque and horsepower you'd probably want a little "higher" ratio, probably something in the 3.7 :1 range. I believe that some of the Spitfire racers here in the US have a method of adapting the differential assembly from a Nissan, you might check the web for more information.
'73 Midget (V6)
'59 MGA (I6) under construction
'73 Lotus Europa
'52 MG TD kit car body project.
'98 Jag XK8
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