at the moment my car is running on a 2 speed gearbox and there is now a metal gearbox but in single speed. If i buy it what effects would it have on the car, would it make it slower?
No, it won't run properly with the smaller gear only. If you jam the clutch shose for the two speed it will run but as the gear is much "faster" the acceration will be very slow and you will overheat the engine due to high loading. It just won't run properly by starting at second gear. Get a replacement 1 st gear if possible. If not just go for the single speed conversion and makes sure you gear it properly.