My father bought his GT new in 91...in 95, he just installed the GT40 intake, 65mm TB, Pro-M Bullet 75mm MAF, Power Pipe w/K&N, 3.73s, Pulleys and 2 chamber Flows. He went 13.9s @ 101 or something like that. The track bug bit him and he started going to the track every weekend, in search of better times.
He got some GT40 Y heads, a B Cam, 24lb inj, electric fan, manual rack, A/C delete, LTs, 2.5 Catted H and Hoosiers and went 13.0s. He lightened the car, got a drag spring kit, torque boxes, 4.10s, M&Hs, had the intake cut open & custom ported and the heads milled and ported. He weighed in at 3010 lbs w/ driver and went 11.87@113.x w/1.5x 60s. He backed it up with an 11.90@112.x. Not bad for a stock bottom end 302.
Just sharing...I think I'm gona be getting his heads and intake this summer, he wants to build a 347.