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A slight bump from factory spec is not going to hurt anything, it may not be perfect but it will help. you are right they are mods to build on, but I am saying he can get all the stuff to may 400 HP, but if no one can get a PROM made for it he is just pissing money.
Not really much good info so far here.
For one start with a tune up, then go with a TB spacer, ultimate tbi mods, take the heat flap out of the air cleaner housing, tube out of the fender and silencer box, longtubes, high flow cat, muffler, adjustable fuel pressure regulator and guage setup then a chip if you want more.
If someone can afford new heads, and cam. They can afford a good PROM. Another way is to go with out the PROM is to put an aftermarket computer in like I have stated before as the EBL Flash. The tuning is not hard at all either.
TBI spacer is a good place to drill and install nitrous nozzles, not good for much else. Change the entire air cleaner. The stock one is junk and limits what filters you can use. Long tubes decrease low end power. AFPR isn't useful without tuning. Increasing the fuel pressure only means the computer will decrease the injector PWM and deliver the same amount of fuel. O2 sensors see to that. Pre-MPFI systems benefit from higher fuel pressure. A chip is for OBD1 vehicles. OBDII ECMs are tuned via adjusting the parameters in the unit. OBD1 ECMs are tuned via replacing the chips in the board.
Hey Tempted before you get your panties in a bunch over OBDII, you failed to notice it is a OBDI vehicle