I hate to say it, but a fox body is the cheapest way to go fast. the market is flooded with crap for them. You can buy a 427 short block for 3 grand. Or you could buy a 418 long block for $6700 that makes 650 HP and 575 tq courtesy of coast high performance. toss in a C6 tranny for 875 bucks
http://cgi.ebay.com/ebaymotors/ws/eB...971703399&rd=1. Assume you bought the fox for as much as I did, 800 bucks. Now, you gut the car and sell everything off. you've just made back about 500 so the car really only cost you 300. so far were only up to $7875. grab a spool for under a hundred. I'll volunteer to fabricate a cage and subframe connectors for free, just to keep costs down. I'll even reinforce the torque boxes in the rear or the car. home made boxed control arms. Race seat off ebay for 61 bucks. we have roughly two grand to work with. used nitrous set up for, lets say 600 bucks. 1400 left. I smell 9 inch! Youd probably have a little more money left, so you could put some slicks on the draglites that came on my car 8)