Basically, it is almost perfect.
Flyin' Miata is known for being the premier tuner of the Mazda MX-5 because of its wonderful V8-swapped models. Stuffing a V8 engine into a small car like a Miata isn't exactly easy, but these guys build cars that are completely turn-key. The latest ND generation is fairly new, but that hasn't stopped Flyin' Miata from working its magic on the new model. Matt Farah had the chance to drive a 2016 Mazda MX-5 with a 6.3-liter LS3 V8 modified to make 520 horsepower. That is an increase of 365 hp over the standard car's 2.0-liter four-cylinder.
The Miata also sports a T56 transmission, as well as improved brakes, wheels, suspension and tires. All together, the cost of the conversion is $49,995 (not including the price of the Miata).
Even though the V8 is much more powerful than the old four-cylinder, the Flyin' Miata only weighs about 100 pounds more. Unfortunately, an almost $50,000 conversion is not exactly affordable. Factoring the price of a new, base 2016 Miata at $24,915, the Flyin' Miata will cost you around $75,000 which is almost Corvette Z06 money. We absolutely love the idea, and the execution, but the cost makes it pretty impractical to buy. We thought that is was interesting to note that Flyin' Miata says that they would also be able to perform the LS3-swap on the Fiat 124, which would be awesome.