Frank,
Besides a lighter de-ICE weight, my pack will be ~250# and the AC31 is just 85#; that's ~300# less (~15% of your driving wt.) right there. I'm striving for minimum practical weight with my build - that's one of the major reasons for going AC.
Regen was also a factor for going AC, not for increasing range but to save on brakes. Unless you do a lot of stop & go (or "jack-rabbit" style) driving, regen is marginal for increasing range - driving technique has a greater effect on range.
OT: I saw your post in the MG Midget Forum about removing the steel from your RB. I was surprised you didn't catch a lot of flack for "ruining" a classic. BTW, Greg, the MG Experience Forum is a good source of info/help on all things MG. (
http://www.mgexperience.net/phorum/list.php?3)