The side "radiator" vents are just for the oil cooler. The water radiators are in the nose. These cars have a very wide sill that is also very high, you don't "get in the car" you put it on like a shoe that is 3 sizes too small. The original engines were 2 liter engines made from 1800ti engines. They used 118 heads and they over bored the cylinders by 5mm to make them 2000cc.
The cars were not put into production primarily because of cost. Frank Nickols (the father of Elva) farmed the design and construction of the body to Fiore/Fissore the communication between them was not very good and the conversion from British Pounds to Italian Lire and weight in LBS to Kilograms got all messed up. The car weighed 50% more than they thought and the bodies cost more than they were hoping to SELL the cars for.
Underneath it is basically a Elva Mark 7s sports car with a roof. The BMW powered Mk7s weighed just under 1100lbs and the GT160 wound up at about 1450 LBS with the same engine, tires and brakes! Imagine adding 50% to the weight of your car without changing anything else! They are beautiful, unique and good fun if you are 5'5" tall but if you want a fun vintage race car with a M10 in it find a Mk7s.