Need to understand a bit more about what you have.
12G940 head is a good start - what size valves does it have? Has it been skimmed or flowed? The standard head thickness is 2.75", so is it anything less than that?
MG Metro inlet manifold is fine, but a 1275 that has been modified should have an HIF6/44, rather than the HIF4/38. The 44 was a standard fit on the MG Metro.
Cam -
ital half race cam " - not words you often see in the same sentence...........
yes extremely unusual!!
Really do need to know what has been fitted. Is the cam out of the engine? Can you see what has been stamped on the end? Either the timing chain pulley end or oil pump end?
Exhaust, definitely at least use a 1 1/2" bore (1 5/8" o/d) exhaust pipe, even up to 2" o/d, if you are planning some serious mods - that is what is on our MInor with 3 straight through silencers to keep the noise at an acceptable level for track days (~93db). An LCB is an easy fit and does allow the engine to breath, which is what makes torque and power!