If I was looking for a 90’s Morgan, I’d definitely try and push the budget and go with a post 97 4/4 1.8 Zetec engined Mog
You then have every recent body improvement
And the Zetec is quite capable of being tuned up to +4 power levels relatively easily at a later stage if you so wish.
Should be able to get a good one for around £23,000 if you're patient.