As Stewie said, no engine conversion will be straight forward. I was thinking, if I was doing one, would use a unit from a rear engined car together with the gearbox.(Fiat 850 Sport Coupe, Skoda Rapid or a Beetle...) The power output range would be around 50-70 bhp. Also not sure how realistic this is, and which unit would actually fit the easiest.
With the bike conversion it would need to be a ground up rebuild, with a roll cage, body strengthening, disc brakes etc...