I am now the owner of a 77 MG. Right now it's stock except for the Toyota 5 speed swap which is supposed to help these cars out quite a bit. It runs and drives great, I just need to actually learn how to drive stick well, I suck at it ATM.
The planes for now are just to drive it and learn more about these, I've done some homework. The first thing need to do is fix the e-brake, I'm pretty sure that the cable is frozen in its sheathing. After that I want to get rid of the ugly rubber bumpers and either go to the older chrome bumpers or just go bumperless. We all know if I get hit by something big at any speed the car is gone. After that I'm going to go through the suspension and leave the drivetrain for last since it runs good right now. I just don't know if I want to stick with the stock 4 banger or do the GM 60* V6 swap.
I'll get some more pics once I get it home and washed. Its sitting at a friends house until I get my garage cleaned out.