For starters I'm going to go with no making 100HP per litre from a naturally aspirated engine with a budget build and especially first time up to the plate is not a reasonable aim.
Secondly, go for you life. It's a great learning experience but not necessarily a cheap thing to play around with.
If you're sure the 1GG-TE head will mate up to the 1G-EU block then it sounds like a somewhat reasonable plan. I'd be looking to do the small stroker setup using the big journal crank and small journel rods to get as much capacity as you can into the thing which will also give you plenty of extra compression. In fact you'll be looking for how to get less compression I suspect.
Of course once you've done this you're going to have to be able to manage the thing and you'll want a nice set of custom extractors to get it to breath. It'll add up in a hurry.
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