It was pretty fast, the Chrysler 2.2 Turbo is a very potent engine. I had the "early" T1 ('84-'87) setup, non intercooled, rated at 146hp and ~200ft/lbs, stock boost at 7 psi, and that is one of the worst cars to modify because of the suck-through setup. I was running 12 psi which put me around 190-200hp at the crank.
If you're looking for one make sure you get a late T1 setup, same power rating as the early ones but much easier to modify, or better yet get a T2 ('87+)setup (intercooled rated at 174hp), by far the easiest to make power on. There's also the 2.5 Turbo which uses the same common block and is a bit more torqey and is rated similar to the T2's.
It is not uncommon for these cars to run 12-11 sec 1/4 mile times for relatively cheap.
The only drawbacks I found is the engines themselves are very sturdy, but any trivial problems can cause the car to not start, run rough, etc. They need to be kept up so they run their best all the time.
The Shadow as a car is not much, but if you don't mind some rattling and wind noise over 60mph you'll be fine, just make sure you find a rust free body as they do tend to rust out fairly easy.
The 2.2/2.5 Chrysler Turbo engines were in a lot of different models (i.e New Yorker, Daytona, Shadow, CSX-T, Omni GLHS, Spirit, Voyager, etc, etc, etc), there's plenty of them around and it shouldn't be that hard to find one in your area, and most of these you can buy from $300-$1000, I wouldn't spend more unless the car is in mint condition.
For more information visit the absolute best forum for Turbo Dodges at
http://www.turbododge.com
Overall it's a great project car, I don't know about being a beater...
Contact me if you have any more questions.
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