Mechanically the simplest is to turbocharge the existing engine, runing ~4 psi with water injection and no intercooler. Jaycar do some interceptor kits that will allow me to tune the engine for this relatively small amount of boost. Injectors and fuel pump may also need an upgrade... I'm guessing at around $1000 for this.
Alternatively, I can put a DOHC head on it. It won't have the same amount of mid-range torque as the previous option, and it requires an aftermarket computer. But top end pull will be similar, it will be easier on the (auto) gearbox. Standard fuel pump and the injectors that come with the twin cam head will do. I'm pricing this around $1500 (depending on how much I can get an aftermarket computer for). Also, with the aftermarket computer and lower compression, the next step becomes sooo much easier
Twin cam turbo. The ultimate in RB30 mods... Still do-able without removing the engine (depending on what needs to be done for the oil drain), and would cost around $3000 all up. However the combination of more midrange torque/higher redline would definately stress the gearbox. So throw in a manual conversion into the works and it's suddenly looking like $3800. That on top of the $1200 car costs leaves me with a car that cost me $5000 and is worth an unkown amount (how many RB30DET R31's have YOU seen for sale?)
First up, the aim of the game is to do something cool, while at least not losing money. So I guess the big question is, how much is a car with each of these mods likely to sell for? Is a turbo R31 with more than $2200? An RB30DE equipped one worth more than $2700, and an RB30DET likely to sell for more than $5000?