Good point Nick, the Runabout became the 4/4 Sport in market niche terms.
The difference with the Elise is the fibreglass body which must be cheaper to produce than the aluminium Morgan body.
An aluminium chassis, fibreglass bodied Morgan doesn't seem right, but if it was £26k new would probably sell.

DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4