concerning the power it's going to depend on how fast you want to go, you could gear the cart really low and have plenty of power, but you'll lose top speed, as for the engine you could probably find a different crankshaft that'll fit it alot easier than making an adaptor, but now you're spending $ on it... not just the crank, but matching torque converter, as the crank you'll find will be most likely 3/4" output, the engine you were planning on has a 1" shaft so when you do decide on more power that's a part you'll have to buy again, a 3/4" bore comet clutch is generally found on a 30 series TC, you can get a 1" bore clutch for a 30 series TC, but it won't be able to take the power of the larger engine should you decide to step up later, for that you'll need a 40 series unit... for 1 person a 5 hp range engine works good, for 2 people not as much fun, i'd stick to original plan, the build will take time, get metal for the chassis, wheels, everything you need to make a roller first, probably still will have enough for the engine, that'll get you started, as you build buy a part here and there, rome was not built in a day lol

my buddies jeep build took 4 years, not driving it at all, of course it's not a go cart, but same applies