Interesting car, but the ad is off-putting. The language used suggests 'Buyer beware'. Agree with other comments above. The pricing is quite ambitious, too.
However, I am surprised that, given the wide variety of engines people have stuffed into Europas, this is the first Pinto 2.0 swap I've seen. I have thought about Pinto 2.0 and 2.3 swaps, and even considered picking up a beater Europa to test the theory. Weight is an issue, but cheap power can be made (though, the 195 claimed in the article is questionable), and for the well-heeled, aluminum block and head options exist.