We got the throttle cable connected up tonight and took it for a spin. Interestingly it drives pretty well. It seems that with the MAF disconnected the ECU reverts to a base map based on throttle position sensor readings and runs very rich to stop the engine melting.
It's quite jerky low down in the revs but once you're moving it revs all the way to the redline with no flat spots. You can tell it's running rich as it doesn't rev as freely as it could, but it's perfectly driveable, just not as powerful as it could be.
The priority now is to get megasquirt up and running so that we can get a good map on there, and add cams and a ported and polished head to make the most of it.
The sound is truly awesome. I stood on the drive and Phil took it for a quick spin. From half a mile away I could hear every gear change and blip of the throttle, the induction raw sounds just like a rally car.
There are a few minor tweaks to make and relocation of the IAT sensor, but I think we're in a pretty good position, the cost so far has only been roughly £160.