Always liked a clean Volvo turbo wagon. I ran into a guy that had one set up for road racing. It supposedly had over 300 hp which I dont doubt. Looked awesome lowered with wider wheels. Man that sounds weird...
Mine isn't quite stock , I've thought about lowering it but because it's also my tow rig I decided not to.
300hp is quite doable, in fact another local Volvo guy has a 240 wagon with my exact type of engine swapped into it that he has built to well over 300. He does the 1/4mi in the 11's.
I've had mine out to the track a couple times, best runs are in the low 14's....good enough to surprise/embarrass a lot of guys in Mustang GT's and almost every kid in a Honda