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Before you go wild with the motor I'd highly recommend some headers, a tune, and an intake just for some extra noise. I personally wouldn't mess with an M50 intake manifold, there's a lot more to it with the M54 than simply swapping it over. You also lose the low end torque that you get with DISA. The gains are minimal for the work involved. Little bit of HP at redline isn't worth it.
Just changing the throttle mapping and response, along with the few extra HP from tune and extra revs is going to make it feel tons different. Then throw the headers on and it changes even more.
At that point you have a decision to make, and if you still want more power, supercharge it. VF Engineering BMW E46 330i Supercharger System
Before you do any of that I'd put a manual transmission in the car, as that's going to totally transform the experience for you, and quite frankly would probably have you put off some of the other engine modifications for the time being. You can look up the dyno sheets from automatic cars vs manual, and it's quite the loss at whp.
As far as suspension, if you're still going to drive the car on the street do not go full spec e46 with the suspension as it'll be a totally miserable experience. Refresh all your bushings and then get some ZHP control arms, stiffer sway bars, and pick some decent coilovers.
FWIW, after headers and a tune, plus a supercharger, you'll be over 320-330 HP at the crank, if not a bit more. Essentially where you'd be sitting with a stock LS (5.3), and still have all the characteristics of the super smooth I6.
Just changing the throttle mapping and response, along with the few extra HP from tune and extra revs is going to make it feel tons different. Then throw the headers on and it changes even more.
At that point you have a decision to make, and if you still want more power, supercharge it. VF Engineering BMW E46 330i Supercharger System
Before you do any of that I'd put a manual transmission in the car, as that's going to totally transform the experience for you, and quite frankly would probably have you put off some of the other engine modifications for the time being. You can look up the dyno sheets from automatic cars vs manual, and it's quite the loss at whp.
As far as suspension, if you're still going to drive the car on the street do not go full spec e46 with the suspension as it'll be a totally miserable experience. Refresh all your bushings and then get some ZHP control arms, stiffer sway bars, and pick some decent coilovers.
FWIW, after headers and a tune, plus a supercharger, you'll be over 320-330 HP at the crank, if not a bit more. Essentially where you'd be sitting with a stock LS (5.3), and still have all the characteristics of the super smooth I6.