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Originally Posted by Ricochet
If you have a ton of money you need to get rid of, turbocharge it. Otherwise save up and SWAP.
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Im not gonna start on swaps.

I'll just say it's the easiest way to get an extra 30-40 hp.
We can start with your tranny first... You can either swap out for a D-series manual tranny, or if you like your auto, you can opt to get a Level10 or TCI torque converter replacement. It'll crank up the stall speed of the tranny by about 500 RPMs, and give it WAY quicker shifts, in some cases quicker auto shifts than one can do by hand with a manual.
As for your motor, I have the same exact one so you aren't alone.

What I plan on doing is getting a cam here soon from
www.deltacam.com which should up things by about 15hp or so, and only for a mere $65.

You can swap out heads and pistons to chang compression ratios for various setups. If you get a sleeve kit or block guard, you can boost that motor up to and even past 300hp! Without sleeving, the motor can handle up to about 200hp before ANY internals like the crank, rods or pistons need to be upgraded. I've seen a couple D15 motors withstand 220 whp with a 50shot of nitrous on stock internals, but any higher and all hell would break loose inside there.

I'm also planning to turbo my motor down the line here as well. Nothing that will shatter track times, but something to give it more umph, so about a 50-60hp gain is what I'm looking for. Nothing that would require swapping of internal parts since I'd keep the boost to stock friendly pressures.