Some excellent points there, Phil. When I referred to a 'scaled down' Morgan, I wasn't thinking in terms of size, just engine capacity and cylinder count.
I'm fascinated by the technology available now, like energy recovery systems, and hybrid power.
I don't say this to upset or offend the numerous V8 fans out there, but personally I see V8s as being pretty anachronistic, with nothing apart from the noise they make to recommend them.
Modern systems can give better performance, including torque delivery, for less weight and better economy, which has got to be a good thing. Regardless of what one may think about global warming/environmental issues, the fact of the matter is that the cost of petrol is only going to go one way, and the less of my money I spend on it the further I can go :-)