Well how good of condition is the car. I mean it is 20years old so things will have to be replaced. For 3200 can you fix everything on the car, get a good headgastket, do suspention work, better oiling system, better fuel system and an upgraded turbo from MDC? A car is a car and it depends on the work done to it as well as the driver.
And swapping a 1J will not fix the rest of the problems on your car. For one the turbos have a tendency to eat themselves, so you would want to get the ct-26 manifold from bigarron. Then how good is the engine that you are getting in the first place. do you know if it has a good headgasket, seals, bearings, valves etc.
Bottom line: if you are planning to race the car, do the reasearch, build the car properly and then profit. lol.
Again the car is OLD you WILL have to fix/replace stuff on it and also it depends on the driver too, dont forget this.
Oh and welcome to the forums. Use the search function, it is awesome. And to prevent yourself from being flamed, take the two extra seconds to write out the entire word. Some people on this forums will take the time to make fun of you for that. Just a warning.