It is, I rebuilt it completely losely based on the Alpina C2/2 2.7L M20 engine only I used a 272deg Cam and they used a 268deg. Check my post here:
The rockers are mostly preventive as I haven't pushed the redline in the ECU, it's still around 6500rpm but I figured better safe than sorry. The cylinder head is really overdone for this but at least I know it's solid.
I love your car already :) Few years back we were working on 1991 320 IS. Italian version of M3