Your traction problem must have to do with the stiff Racecraft suspension.
My 00GT does about the same thing if I try to leave the line too hard - once it starts spinning I can let off and hit it again and it just wont grab - if I shift hard into 2nd, it'll burn all the way through until I go to 3rd. This all started after I put on my suspension mods - it hooked much better with the stock suspension and 245's than it does now with the 315s.
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2000GT Atlantic Blue: Cobra R Wheels-17x9 255/40/17, 17x10.5 315/35/17, tubular K-member & control arms, Tokico 5-ways, coil overs, sway bars, 70mm FMS throttle body, Saleen nose.
79 Pace Car: Maximum Motorsports full suspension, Weld Draglites, 302 w/ Edelbrock Performer intake, cam and carb, BBK equal-lengths & H-pipe, 2 chmbr flo's, 8.8 trak-loc, TCI C4 w/ 2000 rpm stall
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