Dean, thanks - That's high praise.
Regarding driving the oil pump - I assume you're referring to the existing pump - That is driven off of a slot on the end of the camshaft, so using an electric motor might cause a few timing issues . . .
Mark and I went to visit Joe Radosevich yesterday - he's run SCCA for years, and has what is probably the most extensive pile of HP Midget parts in SE Wisconsin. He's getting out - lots of toys for sale, including a decent dry sump system with all of the fittings and a pan.
While I am looking for every possible advantage, I have to keep in mind that I'm the one who would have to service it if there was a problem. And while I knew getting into this it wasn't going to be cheap, I'd like to avoid any further machining on the block, if possible. A complete tear-down might be necessary to fit an external oil pump - regardless of how it's driven - and likely some sort of reengineering of where the stock pump mounts up, which I THINK requires some machining - but I need to check into that for sure.
About 11:30 on this video shows where it sits in the block.
http://www.youtube.com/watch?v=1Jp_bhkF11wThe pump also limits rearward travel of the cam. Maybe it's as simple as tearing the pump apart and machining the lobes off of the impeller - but I just don't know.
The problem with Nitrous is that once there's laughing gas available, it's not likely anything will get done . . .