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Not to knock VRP, but I almost garuntee its not that much. Maybe 700hp if they did decent head work.
I think its definitely close. A VR675 kit ran a 12.2 @ 129mph at the track (http://mbworld.org/forums/showthread.php?t=241616). So that would mean 130mph+ trap speeds if it could hook up. The VR750 should trap in the 135mph+ range no problem