If you had $5000.......
Thats just me or you can have lots of power not put it down and if you do get ready to start replacing drivetrain parts...
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H/C, headers, exhaust, N20, clutch or convertor and rearend. You will be suprised how far you can stretch $5k using the LS1tech classifieds. This is assuming that you will do most of the labor yourself.
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12-Bolt, 8.8" or the like with a 3.73 gear (I like 3.73's.)
Built transmission
That should be either cutting it really close to 5k or a little over. If all bought new, of course.
Just doing that and buying some slicks later will drop your times significantly. Then start working on HP mods with suspension components mixed in.
Just my opinion.


and have some extra money left over to build the rear end and transmission maybe.