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I have been through this scenario and, yes, the 944 fits the bill nicely. However one of the perennial problems of a track day car is that (personally) I would want
at least a roll cage, proper seats, harnesses, pads, race brake fluid and in the case of a 944 the MO30 kit. So, this all adds up to maybe £7k (?) - you experts will correct me here if necessary. This is assuming you start with a decent car because you will spend more if you buy a cheaper base car that needs a lot of maintenance work IMHO.
An ideal option would be to find a car that has all this work done then the guy hasn't used it much! Dedicated track cars can be very tricky to assess and value; especially on a car of this age.
I gave up and joined a track day car sharing club (
www.track-club.com) - it has worked so well that I have decided to start racing again! If you are interested mail me or give Stephen Docherty a ring and mention me. Great thing is you get a terrific variety of track day machines.
Thats where we come full circle - the car I will be racing in the Open Series is.....
A 944 turbo!
I hope my musings have had some value for a fellow enthusiast.
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If you definately want M030 then you are better off buying a car with it already fitted as it is very rare to find second hand - I've been looking for the past year and nothing has come up, and even then you will pay around £1k for a full kit and you wont know how old it is or how worn it is. You can buy brand new but the front shockers alone are £400 a side, then you've got the springs, top mounts, spindle/hub assembly, brake calipers and disks, ARB's rear torsion bars then rear shockers. Not much change out of £2k by the time your've got it fitted assuming you get 2nd hand brakes. So save yourself the headache and get a car with it fitted even if you pay a bit more for it.
Also don't be too put off by the prospect of turbo lag. There is no reason why turbo lag on 944's shouldn't become a thing of the past to all but the laziest of drivers. The latest generations of off-the-shelf chips married to a dual port wastegate and MAF kits will all but entirely irradicate the effects of turbo lag with boost coming in nice and strong in the low 2k rpm's, so you certainly wont get a wiff of lag on the track.