The rev3 engine can likely handle it, but you need a proper tune to keep from breaking it. Your going to have to also upgrade your fuel etc.. Honestly for the cost, I do not think its worth shooting for 300whp. Mr2s are breaking the 300whp barrier on the 3rd gen engine, but not by a lot. I think you might consider shooting for some thing more like 260-270whp. The ct20 can do it, but you really need to watch those fr's.