Gun To Your Head - If You Had To Choose...
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For more on marking an answer as the "Best Answer", please visit our FAQ.It is also likely to make it considerably less safe as its brakes, suspension and various other parts are not designed to handle the higher speeds involved. There is a good basic rule which is adhered to by all good motor racing teams. Before you make it go, be sure you can make it stop!
In addition you would have to inform your insurers (if you do not you risk driving without insurance cover). They would probably refuse to cover you if the vehicle was not capable of safely handling the increased power.