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badassbowtie400 pretty much summed it up. If you want power, the thorotle body injection needs to go. Or a plain out 383 like he has will do the trick too. But thats a lot of money.
Headers (hooker, slp, headman, mac if you can find them) with a 3" y pipe, 3" cat, 3" catback and a posi 3.42 rear. Stick an open element on top of your tbi, do the free mods and you're gonna be a lot faster than stock.