The standard TR7 and the Sprint engine actually are one and the same (2.0 litre) engine [}:)]
Only real difference is the cylinder head (and of course everything that's related to it such as timing gear, pistons etc.)
As stated by the others, what are you after?
Personally I think tuning a standard TR7 lump to 130-135 bhp should be no real problem. You only have to work on the head itself, some better shaped valves, other cam and a pair of new needles in the carbs.
And as you can (hopefully) see in the picture above there is room for improvement in the standard TR7 head. Also this will probably be much cheaper then converting to 16v's.
Unless you buy a cheap Sprint engine and just drop it in ... [:I]
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<font color="blue"><i>1981 TR7 FHC Sprint (better known as 't Kreng)
1981 TR7 DHC (not very well known yet, but back on the road)
Also a 1980 TR7 DHC, 1980 TR7 DHC FI, 1981 TR7 FHC
http://tr7beans.blogspot.com/</i></font id="blue"></center>