The problem with that idea Peter is that the AR V6 already exists. I guess they could have made a touring version; the AR V6GT

I'm sure that what they wanted was a new version of the Plus 4 SS, but only in a roadgoing version. It seems that at least 25 of the 50 owners got what they expected, some are still trying to convince themselves that they made a good decision (to buy one) and about 10% found themselves with something that was not up to expectations and have either moved on or are looking to move on as soon as possible.
To me the AR P4 sits between the Plus 4 SS and the Baby Doll but strangely was not offered with race options like the Plus 4 SS, a very strange decision for the motorsports wing of Morgan. To market it as a fast sports tourer was clearly not appropriate and has misled a few people.
In this case a GT version of the AR V6 would probably have been a better choice. My feeling is that around 200hp is as far as you can push a 2 litre 4 cylinder engine for touring and even then variable cam timing is desirable. The 2.5 litre VVT 4 at a maximum of 220 hp would make an very nice fast 4 sports tourer.