^ nope, there are very few similarities to the 250SX.....
If you find a good 300EX runner for cheap, have at it. But unless they are abundant and CHEAP, you'll find that you'll want the added power from a 350X powerplant.
Brand new crate motors can be had from 600-1000$, thats the best way to go and you can take your time and save up some cash for it; it will be WELL worth the weight and a few hundred bucks more IMO!
All our government does is distract us while they steal from us, misspend our tax $ and ruin our country