Have you had a look at the ratios that are in the E51? Wondering if they would be shorter than those in the E153, just because they were mated to less powerful engines, and used in AW's and Corollas as opposed to sw20's and gt4's.
As they are E-series as well, would final drives and gears be compatible?
Here's a whole lot of ratios:
http://mr2oc.com/showthread.php?t=29...gze+gear+ratio
This is the one I was looking for, took ages to find, may or may not be any use:
http://mr2oc.com/showthread.php?t=23...eration+SC+20V
I would guess S54 would be strong enough if you're not launching too often (although once a race will add up) and power is coming on smoothly. As Paul has said, its handling V6's up to near 300 bhp, and with a lot of torque.
Having said that, i don't really know what kills boxes, whether its torque, simple high power or sudden jumps in power or torque.