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just imagine being able to spend 28k on a 240sx.
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I think for most people, spending 28K on top of the price of a used car is fairly outrageous.
You're missing alot of key components in your little build up as well. What about tuning, and all the custom fabrication with all these engines you just plan on throwing in. A lot of these parts you mention need custom parts, not to mention beefing up the drivetrain. If you can do most of this stuff, well thats great. However, having seen many custom setups, they're constantly in and out of the shop. Unless you have a team of automotive engineers, you're pretty much constructing a new car.
I agree that a well built s13-14 body custom car is definitely quite the project, but at this point, would you even consider it to be a 240sx anymore? Any X amount of money can be put in a car to make it better than the other.