Before I even consider...

H405P is a great suggestion and would be a nice improvement.
However, Shamrock, if it's not in the cards, you'll still put your tires up in smoke. Just remember to get your initial timing up (should be somewhere between 14-21*, and total timing will end up at least 36, or more). Engines with low compression can handle a little more timing.
I ran my best E.T. with my LC 318 at 42* total timing.

• One last point, you can create all the bottom end torque you want, but it's useless unless you are going to buy some drag radials and sure grip. spinning ain't winning