DECIDE ON A PLAN. What you wanna do and spend. Many people start throwing parts at a car as they accumulate a little money... Dont.
Get a plan, and stick to it. I would recommend something like Maximum Motorsports or Kenny Brown (Griggs and IPS... too specific to racing and expensive).
Go with a "package" from one company. You'll be surprised and what you'll get, but you gotta spend a few bucks to get there.
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Darius Rudis
Roadracer: Home built t-arm/panhard suspension powered by an S-trimmed motor :-)
My Mustang Page