Hey Bandit...welcome to the site! (nice email addy BTW...
)
You're kinda like me when I first got my car. A cruiser but you don't want to get embarrassed by the local tuner crowd. For now, you're gonna have to pick your battles carefully. (The mid 70's through mid 80's weren't much for speed.) Best bet is to learn to enjoy cooly and casually declining any invites for a race, unless you are a fun racer and don't mind winner nor losing.
As you've figured, gearing is gonna give you most immediate increase in performance. 3.73 is pretty tall and you'll notice it.
Especially if it's mated to a (beefed up) 200R4 trans as Peer81 said. However, as LanceB and GTR1999 said, you're highway RPM's are gonna be up there.
As to your question of matching heads and cams, that's well outside my technical knowledge. Though there are definitely some engineers on this site though that could point you in the proper direction if they happen across this thread.
What you might want to do in the meantime is read up on some of the specs of the crate engines out there and see what combos builders are using, be it GM crate engines or the numerous engines built by the various Hot Rod mags. There's so much more to building a solid engine than just try to mate up heads and cam, but it is a good start nonetheless.
And as you probably know, ricer math doesn't work. Power numbers are not cumulative from a vendor's specs of individual pieces. :eyerole
My 2¢ is this...rear-end gearing if you are mostly burbling around town and occasionally red-light racing. Next move on to the exhaust if you don't have to worry about emissions. The factory exhaust was very restrictive and quieted down the car quite a bit. A nice set of ceramic coated headers and some freer flowing exhaust go a long way to making the car "sound the way it should". It might only be a little faster, but the sound will definitely have you (and others!) believing it's a lot faster!
There's tons of threads on the site here about what constitutes "true dual" exhaust. If you do a lot of high RPM driving, then just go each side, straight back. That will also be the loudest.
If you are mostly burbling around with occasional full throttles, a Y-pipe configuration like you have now isn't that bad. Or go "true duals" but toss in an H- or X-pipe.
It all comes down to this...You're young(er) and likely/hopefully going to have the car for many years. Most of us that get our cars at an early age (re: pre-marriage, pre-parenthood, etc :L) tend to not have tons of money to throw at it all at one time. My car took me about 10 years to get it to where it is now. And of course, I'm not done with it. But I'm
satisfied at this point. I'm not the fastest guy on my block (no one ever is), but I'm certainly not the slowest.
Take your time. Make wise investments in your car. But most of all,
Enjoy it! because it's
YOUR car. :cool