Maybe the place to start is what is the engine now. If its a Caterham supplied Supersprint then the 135Hp was probably considerably overstated when new and maybe in the 110 to 120 area. Mine was 115Hp when new and needed a decent rebuild and some head work to get close to 130. Has the engine been rebuilt or breathed on already? Also was it built on a thick wall block? As said simple things like a luminition and a Bosch disi and a decent set up by someone who knows DCOEs will help a lot. Getting 150Hp+ will be expensive and probably only worth it if its going to get some serious track use. Aiming for 140Hp with a bit more low down power will be considerably cheaper and at should retain quite a bit of what you've got eg crank, cam (should already be a 234) and carbs. The best X-Flow I've tried from all round use was a Roger King 1800 140Hp. Plenty of guts, great response and just as quick on the track as the 155Hp 1700 I had at the time. I also think the fragility of Ital axles is overstated. If well built then they take a fair bit of abuse, mine's lasted 30+ years including 10 years racing.