No...you would NOT want to do a rack conversion. A 122 here did it with a power rack from a 240, heavily modified and cost a bomb. The rack was cheap. Of course it now has power steering, but the turning radius increased tremendously, and it needs a lot of road to do a U-turn. Backing it out of the parking lot IS a hassle even with power steering.

My 164 power steering "retrofit" into my 144 cost a fraction of the cost for the rack mods, looks original, very minor fabrication for the brackets and rods, and best of all, retains the original turning radius. Nothing was touched from the pitman arm downwards. One thing that never fails to amuse me is my 144's ability to make a tight U-turn and the end of the street in front of my house at one go, and then watch an Accord trying to do that in two tries!

Go look for a 164. Are they easy to come by where you are at? WHen you are ready, let me know if you need any tips, I'll be more than happy to help.
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...GT "parking with one hand" 144.