I think you're right that they can take more than they are rated for. the guy at this site put over 400lb-ft to the dyno though a stock NWC T5:
http://www.angelfire.com/extreme/280zxt/page19.html
I have no doubt that the WC is a better trans, but the ratios are attractive on the Z. I think the main thing that would keep me away from using one of these is I think you would have to take it apart to put in a different input shaft, and at that point, you might as well be customizing ratios on a camaro T5 WC. If anyone can find out for sure what the input shaft length is on these, that would help, I just have a claim from some guy's page that they are totally different than v8 T5s.
Does anybody know what the stock rearend ratio on a 940T with an M90 was? It might be 3.54, but I really don't know for sure.
On the camaro front, I have been unable to find out whether v8 3rdgen f-body T5s and 3rd and 4th gen v6 f-body t5s have the same input shafts, or not, I would like to know, but all I know is that the input shaft length on the 1996 v6 T5 is good, although the ratios kind of suck, with a low first and high fifth.
My goal here is to find a T5 (preferably WC) with decent ratios that will drop into a 7/9 with the shifter in a nice place, even if a tricked-out crossmember is required. I'm looking for a 1st comparable to the m90 setup (~3.50), and a top gear around .80, but of course if both ratios were higher gears you might be ok because you could change the rearend ratio.
here are some sources for T5 ratios:
http://media.gmcanada.com/division/canada/english/products/chevrolet/archives/1996Camaro.html
(at the bottom)
This info (v6 5-spd) is for all 96-02.
here are some ratios for 89-92:
http://www.thirdgenresource.com/transmissions_information/
So I'm missing 93-95, and if there were any camaro WC T5 before 89.
Alternatively, you could build a hybrid trans, using a Mustang center section and camaro tailhousing. if you got a camaro WC from a v6, one of them has a .76 fifth, so you could drop that output shaft and 5th into a mustang trans (ditching the .63), with the longer tailhousing. I doubt this would be much cheaper than rebuilding the whole trans, so I'd probably do that. 'course you'd have to buy 2 trannys, but they would be junkyard T5s.
Andy