The Museum of RetroTechnology
Look through this interesting site for ideas.
Biggest problem I see:
Oil contamination from steam blow by.
Most steam systems require superheated steam, and steam engines are much less efficient than IC.
That may not be true if modern insulating technology was applied, but in general making things more complex means less overall efficiency as well as greater cost and complexity.
It will take a lot of water to run you engine and I don't see any practical way to recirculate and re use the water.
One nice thing about external combustion engines is they do not have the emissions issues of high compression IC engines.
regards
Mech