Probably time for an update…
I ended up selling the Verada. It needed someone with more time and better facilities to complete the rebuild, and I needed the garage space.
The Mitsubishi 380 is doing well. It’s been worked on a bit since I bought it - new water pump, timing belt and tensioners, top and bottom end engine seals, platinum spark plugs, drive belts, emission control purge valve, an injector clean, a transmission service, front and rear brakes done, a wheel balance and alignment, and switched to Penrite HPR-10 synthetic oil. I fitted a strut brace as well, which made a small but appreciable improvement during some harder cornering.
The exterior could use some attention, like a decent clean up, replacing the headlights and driving lights, and tapping out a couple of minor dents. The interior isn’t bad, but if I came across some nicer seats, I’d swap them in. I’d also considered replacing the standard head unit, since it’s limited for connectivity, but for now it does what I need it to do. (I’m not too interested in CarPlay, Android Auto, or anything touchscreen. Something “Eyes Free”, or controllable without breaking concentration would be preferable.)
The 3.8L V6 is a little heavier on fuel, but nowhere near as bad as I expected, and it certainly isn’t lacking in power and responsiveness off the line. It’s still so much fun to drive.