MX5 - Keep it standard or upgrade?

Mine was registered on June 8th 2000 by the DVLA as a Mazda Mx5. “Date of first registration”…not bad for a 6 years old!
It’s currently insured as…a Gleneagles 'cos computah sez neeowww.
I do have a letter from insurance affirming they know well what it really is in the event of a claim.
Reg plate looks pretty typical of a JDM import…just a few cars removed form my own.
I guess another quick glance clue might lie in the trip recorded in Kms.
Anyhow, as the owner is likely aware, it’s last MOT fail in April lists quite a comprehensive task program to attend to…
Been there with mine as some know…

Repair immediately (major defects):

  • Offside Front Subframe mounting prescribed area excessively corroded significantly reducing structural strength floor pan (5.3.6 (a) (i))
  • Offside Front Seat belt anchorage prescribed area strength or continuity significantly reduced floor pan (7.1.1 (a) (i))
  • Offside Front Seat belt anchorage prescribed area strength or continuity significantly reduced inner arch (7.1.1 (a) (i))
  • Offside Rear Vehicle structure corroded to the extent that the rigidity of the assembly is significantly reduced (6.1.1 © (i))
  • Offside Rear Floor excessively deteriorated (6.2.4 (a) (i))
  • Nearside Front Seat belt anchorage prescribed area is inadequately repaired (7.1.1 (a) (i))
  • Nearside Front Seat belt anchorage prescribed area strength or continuity significantly reduced (7.1.1 (a) (i))
  • Offside Front Service brake excessively binding (1.2.1 (f))
  • Nearside Front Lower Suspension arm ball joint excessively worn outer (5.3.4 (a) (i))
  • Offside Front Lower Suspension arm ball joint excessively worn outer (5.3.4 (a) (i))
  • Nearside Rear Upper Suspension component mounting prescribed area excessively corroded significantly reducing structural strength inner arch (5.3.6 (a) (i))

Monitor and repair if necessary (advisories):

  • Oil leak, but not excessive (8.4.1 (a) (i))
  • all suspension components corroded front to rear