Rex, no apology necessary. I'll buy you a good beer, and after a few, I'll probably answer to just about anything.
The K-series is a legitimate swap into the Midget in GT. For that matter, so would a Magnette OHC 6 from the 1930s, or the XPAG engine from the T cars, any number of Triumph or Rover engines, and probably even a Ford Cortina engine, seeing as they owned MG/Rover at one time. British Leyland owned Coventry, so if I DID win the lottery, I could likely put a Coventry Climax engine in it and still make a case for legitimacy.
The K was available in MGs in Britain, and was the backbone of the failed MG EX255 attempt in the late 1990's. Made a nice photo op for Andy Green, though.
Problems with it are the unusual sandwich construction and a notoriety for being unable to hold a head gasket.
Biggest stumbling block for me is finding the DOHC 1100 stateside. They were never imported to the US, so acquiring one is a problem. Destroking it to 1,000 cc - well, I've got a crank guy. Might be able to make the transmission line up, but if I'm going all in, there are better options.
But there ARE HP parts available for them in GB.