Megasquirt pros and cons?

Just been given a megasquirt 1 by a mate of mine. Just needs to be fitted and programed.
If I fit it I want to get a standard ecu oem connector block off a broken or used ecu.
My car is a standard 1.8 Eunos with cheap crappy halfords filter stuck on.
What kind of benefit can I expect on the standard setup.
Thinking possably more usable bhp and torque.
Will this have much of an effect on mpg for better or worse.
(If its better mpg I can justify it to the gr. LOL)
Is it worth fitting and is there anything else I may need to do this? Eg wideband lamda?
If I fit it I want to get a standard ecu oem connector block off a broken or used ecu.
My car is a standard 1.8 Eunos with cheap crappy halfords filter stuck on.
What kind of benefit can I expect on the standard setup.
Thinking possably more usable bhp and torque.
Will this have much of an effect on mpg for better or worse.
(If its better mpg I can justify it to the gr. LOL)

Is it worth fitting and is there anything else I may need to do this? Eg wideband lamda?