Hi Fred (?)
Hmmm, you might get away with it although I've got to say it's not a conversion I'd consider easy or cheap. If you think about it the Lotus 47 was an S1 with the TC engine installed so in theory it has already been done despite the chassis fork differences. But there was a whole load of other mods to the S1 to produce the 47, they basically cut off the chassis at the ends of the fork and added a cross member / subframe to handle the suspension with a Hewland gearbox - another major difference from the S1/S2. So the engine could well have been located further back in the frame ?
IIRC there's something also about the driveshaft angle on the S2 & TC cars, I have a vague memory of reading somewhere that the TC driveshafts run slightly backwards from the wheels whereas the S2 is aligned properly (as you'd expect ?) Certainly the parts numbers for the radius arms and lower links are different between the cars.
So I think it could be on, but only with a bit of trailblazing and probably as much development work as following the paths for other engines. Then of course you have the problem of getting hold of a TC Europa engine because there are fairly major differences.
Personally in your shoes I'd either get an S2 and try a modern transplant if you don't like the lower power from the Renault engine, or if you really want a TC then just wait for the right one to come along. It will do, it just seems like there are none around when you're actively searching !
Brian