Should ny car be able to beat a 2000 GT?

Depends on what kind of driver you are and he is. You should do OK against him, anyone's race IMO. Warrior's right, after heads/cam....you will see him in the rear view.

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'90 LX 5.0; 12K original miles (no sh*&); 3.55 gears; pulleys;Edelbrock Performer Heads; BBK shorties; MSD 6AL box w/ blaster 2 coil; Motorsport E303 cam; Pro-M 75mm MAF; BBK 70mm TB; Eibach drag-launch spring kit; Southside welded subs; K&N cone filter charger; Hurst shifter; Cervini's 3" turbo hood; A/C-less; cat-less; 2 chamber Flos; Corbeau racing seats; FMS 30# injectors; JMS chip; Holley 190lb fp; TFS track heat Intake (12.299 @ 113 - 1.78 60')