To bring a bit of closure to the thread, it's nearly 5 years later and it's time to let the Fiat go. I've put around 50k miles on it in that time, and the engine and turbo are still running perfectly with negligible oil consumption. It's never broken down or suffered a major fault in that time, the worst thing was the handbrake cables freezing up in Winter which meant I had to get underneath with the hair dryer to get to work!
The Supersprint exhaust is (amazingly) still in one piece and doesn't seem to have corroded any further. The welded manifold was fine for about 30k miles, then I replaced it with a nearly new item simply because I found one cheap, but there was no further sign of cracking on the welded on.
I have spent a bit in parts for preventative maintenance; the front suspension lower wishbones have been replaced twice (genuine items), new top mounts and spring platforms, two rear wheel bearings, one front wheel bearing, couple of sets of auxiliary belts, two sets of discs and pads, three sets of tyres (and fronts need doing again), new handbrake cables, reconditioned steering rack, numerous oil and filter changes, spark plugs, set of coil packs, uprated engine stabiliser bushes etc. However nothing particularly expensive, though I did all the work myself.
I reckon I have averaged around 28-29mpg, with 30+mpg quite possible on a gentle run (recently managed 33mpg) which I'm quite pleased with for the performance offered. I reckon that is probably £10k+ just on petrol during my ownership which is a little thought provoking!
The bodywork is looking a bit rough these days, it's very prone to stone chips and the clear coat tends to lift off around the chips. However, it still polished up and looks respectable from a distance.
I think it does prove that you can run one of these on a very sensible budget, provided you are prepared to get your hands dirty.