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P1 and P2 I take it people are refereing to phase 1 and phase 2 cars but never heard them refered to as P1 P2
Phase 2 are the ones with the tringular type lights. You have a phase 1.
Best thing for power is esell it buy a quicker car or 172/182 engine transplant if you want Hp otherwise Imo just sort the suspension out either refresh all the worn bits or spend on coilovers as well.