Launching at 5K?
I launch and shift the car at 7000 rpm [tractions providing] with a stock bellhousing. If you have a good clutch, you should be alright as long as you do not mechanically over rev it past its tested limits.
I would suggest the typical suspension mods that the other posters have already mentioned, torque arm, lca's, phr, sfc, and good sticky tire such as et street radials, et streets, or et drags.
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As far as the master cylinder goes, I would stick with what the clutch manufacturer recommends for their clutch. IMO, each master cylinder can hold a different amount of fluid and has a different stroke. Can cause problems if not matched correctly. Sold me single disc Mcleod and flywheel to a friend who has an off brand adjustable master cylinder and it doesn't work. Do your research.
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This is a DANGEROUS way to go about things... and I seriously WOULD NOT reccommend listening to this suggestion. Until you have seen what happens when a clutch comes apart you can't actually understand the damage that can occur, and if you are in the car and a piece comes your way, you'll be lucky to have legs left. The bellhousing is not that expensive, and the 20 lbs it adds can be removed from other plates easy enough.
If you want to seriously race, get the safety stuff FIRST. You may someday be glad you did.
Obviously, I am missing something about why we want to start our race at 5K. Here is my idea. The kid just graduated from a Honda into a Camaro. I wish the guy lived closer to me. This is the reason I attend test and tune. I know I have two guard rails and a fence between me and the racers. I once lined up in the other lane. GOOD LUCK AND RETHINK.






