I had a steering wheel like that when I bought mine except it was worse the contours where your hands grip it were even more pronounced. Fine if you drove in a straight line but horribly uncomfortable when turning. I could never understand what the point of a flat bottom was.
I see the carby is a Holley 4 barrel 650 sitting on a performance manifold so it should have a few extra HP than standard. They say that 390CFM is ideal for a 3500 so it might be a bit over-carbed whatever that means. Holley's are good carbs but the fuel bowls at the front & rear are bolted on the side of the carb body & rely on the integrity of the seal to keep the fuel in. When you unbolt them the fuel spills into the valley which is annoying when you are making adjustments. The metal pipe that runs between the two bowls has a rubber o-ring at each end that may be leaking. Either way it is important to have the floats inside the bowls correctly adjusted otherwise it runs rich & leaks spring from everywhere. I ended up swapping my Holley for an Edelbrock 500 & haven't regretted it.
A quick shopping list for you:
A good quality big pancake or a Ramflo 3-sided filter
A modern electric fan with more but smaller vanes.
New distributor cap & leads.
Looks very nice though. As an owner of a converted car I will always be envious of a genuine TR8 owner.
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To do list:
Upholstery/Motor/Gearbox/Suspension/Brakes/Carb/Tyres../Gearbox/Paint/Cam+Motor
Done......./done./done....../done......../done../done/done/redone.../done/under way
Blog:
http://www.forum.triumphtr7.com/topic.asp?TOPIC_ID=8548 
