well, god knows how that was managed, a std 1200 head should make that power with no head work and std cams on a 1275 bottom end.... good head and cams and witth that capacity it should make 175+ hp on a good day, or probably evven a bad one.
I would like to see full specs, but thats probably not going to happen, cant really see what went wrong as basically you can get allt he bits pretty much off the shelf.... swifty DCR crank and rods, Schloar/ Specialist comps for the head work, Specialsit comps for the cams...
I will say MBE have a good name in rac engine circles and do a lot of good vauxhaul stuff, and have done some 6r4 engines in the past, also i seem to remember them being connected with the RAC mini in the 90's posibly the injection for it, also they did the 8 port injection stuff for minispares. I know Keith calver used to rate them highly.