Personally I would use a 153 tooth flywheel 10.5" clutch disc.
Heavy lb diaphram type pressure plate.
I have not checked prices lately ,but I would think a Muncie would cost more than a T-5? Anyone?
Buy a cheap used turbo,methanol injection. It's not that hard or complicated to do.Holley fuel regulator.
Just a thought.
Buy a SPA turbo exhaust manifold & blow through a 2 barrel Holley,simple easy ,much more power than a cam, headers,increased compression etc.
Or use a stock exhast manifold & a "J" pipe up to the turbo like this one.
http://www.youtube.com/watch?v=xSB2uvlOOtQThis was an ultra cheap set-up,,, probably less than $300 for all used parts.
I gave him some tips for parts to use.
MBHD