Yes that's a decent plan, but you could also do a cheaper swap the OP wants which could be more than enough power for him. If not gives him the time to swap rear add headers airgap 750 etc... Get everything prepared for a more serious engine, so you may doubled pay for somethings but your plan could be half a decade or more for some, at least his way he gets some fun in between. I'd say depending on budget and what end goal is not everyone wants
400-600 hp plus car, but most do want 250-350hp since all modern cars fall in that range.