Pros: it will go fast, and cost less than a swap.
Cons: it won't be JDM, and therefore will never be fast.
Do you see the dilemma I am faced with on a day to day basis??
On a more serious note.. your main problem is going to be fuel. 300 on a stock bottom end should be no problem, I'd get 550's to leave some room for error/improvement. 50/50 weight distribution might be a little tricky; CF hood, battery relocation, ditch your accessories, etc. and that will get you closer.
Um.. if you are planning on doing it to a high mileage motor I'd suggest a rebuild, that is just common sense IMO. Plus you can do little things to help improve the performance and strength, like deburring the bottom end and balancing/lightening the rotating assembly.
Also.. search, there are a sh1t ton of threads on this topic.
