MoeJr said:
First off you need to put a real dual exhaust on the car with 2 hi flow cats.
Moe
Don't bother. 2 high flow cats is just as illegal as no cats. Either keep (or upgrade) the one or dump them both. Getting rid of them may not be an option depending on what local inspections you have.
It really depends on what you want the extra power for. If you're just worried about what others think, I'd say do nothing to the car because you're already happy with it. If they don't like it, they can buy one and dump money into it to make power. If you want the car to be quicker, you really need to know how much quicker to decide what path(s) to go down...i.e. performance rebuild, supercharger, etc.
A cam swap is realatively inexpensive. I'm not a big fan of nitrous because it's long term costs can get up there when you have to keep refilling a bottle.
If you have money to burn, I'd go with this:
Bore .030 over and stroke to make 383
Forged crank & pistons
AFR 195 cc heads
XE 268 or 272 cam
Intercooled ATI centrifugal Supercharger
Weiand Stealth Intake
You'd make more power than you know what to do with. More than enough for bragging, drag racing, and lots of speeding tickets. All for the bargain price of $6000 or so (just a quick estimate without looking up any prices)