The clutch and flywheel aren't going to reduce losses through the drivetrain much, but if you get a lightened flywheel the reduced inertia will allow it to rev up quicker. A better clutch will also shift harder if your tires can handle it.
I am planning on doing the same thing soon on mine as it is approaching 50k miles. I plan on going with the Spec stage II clutch and Spec aluminum flywheel. There is a guy over on corral.net named Art that sells them for a good price.
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Strike down the unroadworthy!
2000 GT Atl. Blue: '03 Cobra motor - 465rwhp/473rwtq, T-56 6-speed, full MM TA/PH & tubular K-member suspension, Saleen body, 17" Torq-Thrust II's, M/T ET Street radials, and lots more
'94 Rio Red Cobra: All the bolt-ons, 3.73s
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