Welcome to Just Commodores, a site specifically designed for all people who share the same passion as yourself.
Sometimes the smaller the engine the more fun you have.
My old 1.5L Ecoboost Focus fleet car was so much fun to throw around corners and just rev the absolute nuts off. (that and it wasn't my money if I broke anything)
I would drive my VR more if fuel was only $2.201. Bolt on wise a good free flowing exhaust and extractors and a tune will wake it up, but don't expect miracles. These engines are 50 years old and from factory run very low compression for emissions and the fuel quality of the era.
These engines really require engine level modifications to get power, at 8:4:1 compression any bolt on mods will probably yeild you maybe 10-15kw and thats about it, considering they are 165kw at the fly from factory your VE will still likely feel quicker, but god will this sound better.
2. You'll find they are actually incredibly reliable, They'll easily do 400-500,000km well maintained. Make sure you use a good high zinc oil such as HPR30 to protect the flat tappet cam, the biggest mistake with these engines people do is think modern expensive synthetic oils with low zinc is better for these engines.
Flat tappet cams need specific oil or you'll wipe the lobes off the camshaft.
I've got a cammed and heavily modified VR (4 barrel throttle, dual plane intake, decent cam, roller rockers, higher compression heads, big stall, extractors, twin exhaust) and my SV6 is night and day difference in terms of power/speed. The torque is much much better on the V8 though, the SV6 you've got to work harder to go fast.
But I'll always chose the 5L on the weekend if I'm going for a drive, always.
My advice, don't go the 5L for a daily driver, it will complement the SV6 as a nice weekender but they are a 50 year old engine, in a 30 year old car with near non existent single piston brakes and poor suspension......I love my VR, but I wouldn't use it on a day to day basis.
VE SV6's are also great on fuel, a 5L around town won't be.......not by a long shot. Weigh up being prepared to do 15L/100km in traffic at $2.20 per litre. Mine in it's current configuration will do 20L/100km around town in traffic easily on 98 octane fuel, I'd be broke driving to the shops on the regular.
NSW uses the power to weight calculator to work out if a car is legal for P platers.Also, is a 5.0 even P plate legal in NSW?