autoxcuda would be the guy that you really want to talk to on this one. He's actually out there racing!
As far as setting up your car goes, there are some simple steps to take that will really help things out.
In the front:
1" torsion bars or larger
Reinforced LCA's
Offset bushing for the UCA's (to get the alignment right)
All new bushings, ball joints, tie rod ends, etc.
Front sway bar (preferably aftermarket, ie, larger than stock)
Good shocks!
In the back:
120-140 lb/in springs, roughly zero arch
All new bushings
Good shocks
Rear sway bar
For the car:
Lower is better
Subframe connectors
Rebuilt or upgraded steering box (Firm Feel, faster ratio's, etc)
Brakes- if you've got 9" drums all around, that won't cut it. 10" drums and the standard 10.8" disks are fine to start. Bigger puts you in a different class most times anyway
Wheels - 15-17" rims, modern compound tires (NOT T/A's)
Alignment- 0 to -.5 camber (or more for racing), +3 to +4 caster, 1/16" to 1/8" toe in