Generally:
* 1988 Camaro with 305 V8: These typically offered more power than the base V6 engines in the 1992 RS. The 305 could produce around 170-230 horsepower depending on the specific year and trim level within the 1988 model range. However, they were also heavier and less aerodynamic than later models.
* 1992 Camaro RS (V6 vs V8): A 1992 RS with the base V6 would be significantly slower than the 1988 305. However, if a 1992 Camaro RS had a V8 (an LT1 or a swapped-in engine), it would likely be quicker than the 1988. The LT1 V8 offered a considerable performance boost.
V8 Installation Cost:
The cost of installing a V8 into a car that wasn't originally equipped with one is highly variable and depends on several factors:
* The engine itself: A used engine can cost anywhere from a few hundred to several thousand dollars, while a new crate engine can be much more expensive.
* Transmission: You'll likely need a suitable transmission capable of handling the V8's power. This adds to the cost.
* Wiring harness and computer: Adapting the car's electrical system to the new engine can be complex and expensive.
* Exhaust system: You'll need a new exhaust manifold and possibly the whole system to accommodate the larger engine.
* Mounting hardware and brackets: Fabricating or purchasing custom mounts and brackets can be significant.
* Labor: The labor cost to install a V8 can be substantial, potentially exceeding the cost of the engine itself.
In summary: Without knowing the exact engine in the 1992 RS, it's impossible to definitively say which car is faster. As for the V8 swap cost, expect to spend several thousand dollars at a minimum, with the potential for costs to climb considerably depending on complexity and parts chosen. It's best to get quotes from experienced mechanics specializing in this type of work.