The Morgan is all about tradition and history, as Dwight said the Morgan three wheelers where originaly powered by a V twin jap engine. The origins of the three wheeler go back to Taxes, It was cheaper to tax a 3 wheeler than a four, and you could drive a three wheeler on a MC licence, also the family transport for meny was the MC and large sidecar. A Morgan would out handle this for sure.
There have been various kit cars and updated Morgans using various engine. I like the Lomax that uses a 2CV engine, but I have seen BMW and Moto-Guzzi. It has to be air cooled. some people are like that.