It's very kewl. Very, very kewl.
But . . . wow. It loses so much by not having a fan, plug wiring, fuel lines, and the afore-mentioned radiator hose/s and steering shaft.
Exposed engines just HAVE to have that stuff . . . at a minimum . . . otherwise hot rods just look . . . toyish. And your rod is SO KEWL, it does not deserve to look toyish. IMHO.