Everything looks good except for the cam. I would go with something different. I just got the Crane Compucam 2031 and hear it's suppose to be a great street cam with the split duration. You should check around and see what people are running with those heads and check into that cam. Just my $.02
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87 GT, 4 inch cowl hood,17x9 Cobra R's/255/45's,GT-40 heads,long tubes headers,h-pipe,Flows,BBK cold air, Mass air,70mm MAF, 1.7's, 1" spacer,underdrive pulleys,Pro 5.0, King Cobra, Adj. fuel Reg., Lakewood Lift Bars,50/50's,subframes, 4.10's.
Best time 12.96
Best MPH 103.42
Best 60' 1.695
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