If anybody has twenty grand I'll get you a 360+hp 2.3l. Only problem is it would never pass any kind of emissions, runs on alcohol, and uses mechanical injection so it's not too fuel efficient. But it will run at 9k rpm all day.
if it runs on alcohol, it doesn't need methanol injection. "alcohol" engines are fueled by methanol (or, in rare cases, ethanol, which exhibits very similar properties).
Rules do not state that the car must be road driven, only that it be a mazda engine, and use NO power adders (this includes water, water/meth, or meth injection...because they are considered in racing circles to be "power adders"). Any fuel may be used - hell, go use nitromethane if like...
care to provide more information on this 360hp (i assume that is crank horsepower?) 2.3L engine? I would be interested to see its specifications.