David,
Welcome to the forum.
When you get a chance, do a search on this engine, you will find a number of questions and posts all ready out there which are worth reading.
As you can tell, almost everyone will make the argument to install an O-320 or larger in your -9.
You will also find a bunch of people who will tell you to install every possible dodad in your airplane, thus inflating the empty weight and requiring those larger engines.
If you build your plane as light as you can, as Van's likes to say, "Build lightness in," your airplane will perform better than you will ever imagine.
My -9 has a 135 HP O-290-D2 installed which pulls me along at 165 MPH and my GW climb is around 1800 FPM. (I am going to change the prop out this summer after I finish all the fairings and get some solid speed numbers to Catto.) The empty weight of my plane is 990 LBS and the thing just performs! One real advantage of building light like this is my plane has a 760 lbs useful load and that is without inflating the GW. (You can check my web site listed below for details and pictures.)
There is a local -9A with the 108 HP version of the O-235. This airplane replaced a 160 HP -6A that was his first build. Once his -9A was finished he gave the -6A to a relative so he can still fly it from time to time. In talking with him, he said he prefers the -9A and regularly flies 800 mile non-stop legs on the standard tanks.
He has commented that the climb is a bit anemic but that is all relative, even at 1000 FPM at gross, you are out climbing a Skyhawk.
Since you are in the UK and you play by a different set of rules than we do here and you might be happy to know the O-235 can be built up to a certified 125 HP by changing out the pistons. Add on a pair of electronic ignitions and I would suspect it might be closer to 130 HP.
I recently posted some numbers from a trip my wife and I took last weekend you might be interested in.
Here's the thread
As for using an O-290 as I did, they are a great engine but have been out of production since the 50's so parts can be a challenge to come by. I only used it because I got such a great deal, I couldn't pass it by. My total FwF costs are around $7,500.
Best of luck and please let us know how you progress with this engine. Who knows, maybe you will put some of the rumors to rest.