When I was young, Limbach, Germany, took air-cooled VW car engines and converted loads of them to safer yet more powerful aircraft engines mainly due to their initial light weight and opposed design. Many were produced although a batch of dual ignition magneto's caused a bunch of engine outs including our plane, a stol Protech. I believe they were popular for some time.
Subaru engines did not prove to have the reliability from what I saw back then. Going forward, the moment battery technology can 'halve' the weight of lithium batteries, electric motors will take off like mad I believe as the compact size, massive torque, cooling, noise, no flammable liquids etc etc make them far superior.
In motorcycles, last year, saw some of the first weight-matching, distance-matching battery/elec bikes. Quick release battery swap cassettes for light aircraft would obviouly be necessary at many locations.