The first BMW I owned was a 1971 2002 with molded fender flares like yours. All urethane bushings, Bilstein Sports and H&R springs, 38/38 carb, 3:91 LSD and a few other mods. Absolutely the most fun car I have ever owned!!! Not big on HP but would SMOKE anything in the twisties! 911's, 914's, 510's... The only other cars that have put the same smile on my face have been my e39 M5 and the Z4MR. A 911 C4S and another roundie 2002 are the only cars left that I want to add to my stable.
I'm jealous
Dan