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Do you have emissions testing where you live? If so, then it's out of the question, unfortunately...
I'd do some serious research into how much the 2.3 W41 swap would cost you, then some more research into how much a stock 2.4L TwinCam + GM Supercharger will cost you. The supercharger kit puts out 190HP as well, plus it leaves much more headroom for (cheap) upgrades, such as a pulley, header + free-flowing exhaust, larger TB etc etc, for relatively little (more) cash, you can have the TwinCam + Supercharger kit easily in the 225-250HP range.
Just some food for thought, because a W41 engine itself is going to be probably double what a stock TwinCam will run you...
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