Yes not as a 1957 Porsche 356 - you want replica or tribute or even Beck SE in make. Many states (VA) has a yearly personal property tax you pay based on Kelly Blue Book value (that could be $150k!). Best to also register it as something exempt from current exhaust emissions and safety state laws. Many states plug into the ODB port to do emissions - an air cooled engine won't have an ODB port. With a VW pan that is easier as you use the VW pans "VIN" for title so you get a '68 titled replica with (near) no emission requirement plus it can qualify for antique tags - but as a 1968 vs 1957. Most states (currently) exempt 25 (or in FL 30) year old vehicles. Not sure with Beck's custom tube frame - assume it gets special construction or street rod titling?
Keep in mind that it won't always be registered in TN - some titling designations can affect its resale to other states or countries. I find it strange that new IMs destined for US can't go back to Canada and be registered (until they are many years old). Don't ever tell an insurance company it's a kit car --- its a tribute or replica car!