It wasn't raceable in the 80s never mind today. Fitting longer shocks won't give more suspension travel, the travel is limited by the suspension design.
If you want something to race the are much better options than a 20 year old car that you won't be able to fix if you break anything on it unless you spend a fortune. The parts that don't break are cheap, everything else costs a lot. For example the front uprights are known to be weak, break one of those and you could be looking at up to $80 for a pair. Break a suspension arm and you are looking at $45, suspension uprights are $40.
Rather than throwing money at the Avante you are best ebaying it and investing the extra money you make in something newer. What you can make on the Avante will go a long way towards buying a modern buggy.
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