The suspension springs and struts are extremely soft on this car, thats why you feel it glide.
btw - you will have to redo the entire front and rear rubber bushings, about 22 in total to get the original drive quality, its not too wallowy - but does wallow and dive a lot compared to modern cars. And if you wanted torque, why did you remove the old engine? Its all about torque.
Its also quite small compared to modern cars.