for what you want to do the speed density is fine. I actually think it is better for your application because you don't need it and it's less things to worry about. Once you start adding a lumpy cam, heads and bigger injectors the mass air can better manage the engine.
Wait till Dark_5.0 or 88workcar come in here to give you more advice. They both still have speed density and are pretty quick. 88workcar runs 12's
The 88 5.0 stock was rated at 225hp/300tq.
I think your list of upgrades looks pretty good. It is definately a good start. If you plan on driving the car hard and maybe powershifting at all I would look into an aftermarket shifter. I have the pro 5.0 and it gives the car a whole new feel when I'm banging through the gears. The steeda tri-ax is also another great piece.
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'88 lx, Black on Black, check it out here
Spent all my money on school, what a dumb mistake
I'm old enough to know better, but still too young to care.
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