My daily driver is a '91 Civic 4dr 5spd - same generation as the '89. I have 270,000 miles on it and, in addition to some maintenance, have only changed the timing belt (once, it's due again) and the distributor. The 1.5L with 5spd is plenty fast for my needs, and I can get close to 50 mpg in warm weather highway driving. My running average is 42 mpg. The engines are plentiful (the body usually goes first) and you can find lots of parts at the junkyard (or entire parts cars on Craigslist).
So go for it.
Bill
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