View the engine as a large air pump , the more air you can shift , the more fuel you can burn. So whatever you do you have to understand it as to be viewed in this context.
Bite the bullet and go for a total package approach and match everything. I have learned that incremental approaches to power , albeit incremental in money terms , rarely are effective and you often end up spending a lot of money , far more than a total package, let alone the fact that that what you do often does not work in harmony.
I assume you want street reliability with a bit of tear your head off accleration, some tyre squeal and smoke and a decent top end? I can't imagine the car is more than a toy and that perhaps you wanna be a bit of a hooligan now and then on the roads and perhaps take it to the strip and not be embarassed?
Here's what I did to my 80
From the top
K&N air filter , holley street avenger 770 carb , Edelbrock performer intake, Edelbrock 64cc ally heads , comp cams 270h cam, ceramic coated branches (dunno make) 63mm SS exhaust with the smallest freeflow silencers I could get , MSD6al, Flamethrower distributor, 2000 rpm stall, shift kit 3.55 gear ratio. replaced manual fan with electric fan.
Yeh it wasnt "cheap" but then neither was it expensive compared to the what I got , 13.2 1/4 miles on stock tyres which equates to beat almost anything on the street performance , 225km/h top speed (anything over 200 kph is , imho crazy on the roads) good gas economy , 6500 rpm (I limit at 6000) , great accleration and also great pickup , mean sorta rumpety idle and chilling exhaust ssounds and most importantly , whats in the broeks(pants) to go with it's looks.
My worst moment prior to that was getting beaten by 2 20something chicks in a stock golf GTI who gave me the finger as they passed me bye.....never again!!!!