Steve,
Comparing 1949 MGTC to 2008 Morgan 4/4 :
4/4 cost me 152 times as much !
TC relatively speaking was underpowered but never noticeably so back then.
SU carburation could be fiddled with and adjusted by the roadside if necessary - unlike the 4/4.
EXPAG engine of the MG was open to variety of tune mods. some off the shelf.
Fold flat screen was a joy to experience on the TC.
Road clearance was better than Morgan so bottoming out was not an issue.
My 4/4 has over twice the HP but on today's roads (50 years later) the TC would feel very underpowered and too highly geared. The TC never saw a motorway or a dual carriageway.
Today I have no desire to go back to a TC - I am happily attached to the Morgan and have even got used to its slight rev-hang and ECU. It seems to have adapted itself to my driving habits without need for a moments tinkering.
For MG reminiscence see Blog Post :
F1 MG Magna - The romance 
