Fribox's 1996 Celica GT, A used car that likes to suck money out of my pockets Options

[fribox]

5s-fe, 5 speed, 221000 miles. Second owner. (Now nearing 225000)
It looks shiny in this picture, but it has a lot of problems.




Engine refuses to rev past 4500-5000 RPM (not that I do this often), if anyone has a solution to this I'd be very grateful. I've read a bit on here its either the catalytic converter being clogged or timing is off.

This thread isn't really much of a project thread, more of a maintenance diary. I don't plan anything spectacular with this car, but I'd like to share my woes and experience with you guys.
Maybe I'll come across something and find out what is wrong and help someone who has the same problem, who knows.
I was first planning a 3S-GE swap, but figure its not worth the hassle on a car with 225000+ miles on it. I've seen good things about 294 grind cams though, which is what I might do for the little more umf at the high end that I want.
But I'll post whatever happens to my car here.

This post has been edited by fribox: Mar 18, 2014 - 10:38 PM

[fribox]

Replaced the preconverter. It was reading ~10psi where it should read <3psi. Whole inside was melted. Toasted the rear cat and EGR.
Runs much better, revs faster, revs higher (got around 1200-1500 more RPM now), surging mostly gone now. Going to replace the rear cat and EGR then move on to the clutch.
Still need to fix the cosmetics, but it's much better now. Keeping running to a minimum for now until I've got cash for parts.