Here's an article on the engine that appeared on the Hagerty website this morning, It's mostly about the M8, but does discuss the S70/1:
https://www.hagerty.com/articles-videos/articles/2019/03/20/one-off-bmw-m8-prototype-engine?utm_source=SFMC&utm_medium=email&utm_content=Daily_News_Friday_March_22I've had a 1991 E31 with an M70 for about 25 years. Great engine for longevity and reliability. Separate fuel pumps, MAFs, ECUs, and drive-by-wire throttles. There is a limp-home mode if something fails on one bank of cylinders. I once lost a crankshaft position sensor, and the heavy car would still do 70mph on one 6-cylinder bank. I've got 170 K miles on the car and it still runs very well.
The lower end is bulletproof, the big problem is the heads, specifically the exhaust ports, which are very restrictive and can't be ported due to the position of the water jackets. The S70/1 uses a completely new head - DOHC vs. SOHC, 4-valve vs 2 valve, and much better breathing.
Later BMW engines, like the S50B30 used in the E36 M3 have all the breathing goodies, DOHC with VANOS, great port design, etc., but the cylinder spacing is all wrong.
Of course, for a guy with your skills it would be a cakewalk...