agreed.. 2zzge is sufficient if you are stepping up from a 3zzfe.. if more, add a trd bolt on super charger.. as said above by ser it'll chern out 240 horses.. somehow.. and it'll still be a daily driver..
if you wanna go reallllll big, then as said by wasay get a 3sgte (3rd or 4th generation) along with its compatible turbo.. engine itself is less powerful than a 2zzge, but when the turbo is added, you can go quite higher.. its a low compression engine that supports upto 6-7psi.. maybe even more if internals are custom built accordingly..
but the shape of 2003-8 corolla would require quite some suspension and brake upgrade, since the stock 1.3 litre doesn't stop in time, let alone a custom built..