After having owned both (2 of each), its XE all the way, people used to go fo rthe 8v as I remember when XE's used to fetch ÂŁ800/900 pounds and 8v would cost ÂŁ300, I know quite a few people who've done the 8v route, tuning etc only to ditch it a year later for an XE, then another year later for a LET.
Do it once and just fit the XE, its worth it for the extra ÂŁ200 it will cost. Never noticed any difference in weight isues myself, its only the head that is different, a few kg's at most.
Novas arent too bad at 130+ providing its a decentish smooth bit of road, and the rest of the car is up to the job.
Most Xe's and 8v's are tired or have clocked up the miles nowadays, just look for the common suspects and if on a budget, a quick servive and dont fix what ain't broke aproach should suffice.