Before we go any further, Sergio needs to test fit his new Predator 420cc engine on the buggy. Just place it in there and prop it up with scrap lumber, jack stands or whatever in the place where it is likely to be mounted permanently. Then he can see how it will fit and if there is any interference between the luggage rack/fuel tank or something else. There may not be an issue at all with the engine and its factory fuel tank, muffler and air cleaner assembly....
There's a trend in our community with removing small engine fuel tanks and making them remote from the engine. If it's a go kart, a fella will mount it on the highest point on the back of the seat, or maybe between his legs and run extra fuel line to the engine. If it's a minibike, they take the tank off and put it (or a new teardrop fuel tank) on the top tube like a real motorcycle. Assuming the 420cc fits fine, is there any sense in keeping both the Predator 420cc's factory gas tank and the buggy's factory tank intact? Maybe connect them both and use a selector valve to switch between "main" and "reserve" tanks?