I have an '84 Monte SS that still has the original 305HO engine in it. I've installed the Edelbrock tubular exhaust headers for this application that connect to the original high flow cat, then had a 2 1/2" cat back exhaust system installed with Walker Dynomax mufflers. On the intake side, I replaced the original intake manifold with an Edelbrock Performer intake that would retain all of the O.E. emissions equipment, and I kept the original feedback carb. I upgraded the ignition system with an Accel supercoil for the O.E. HEI system, with Taylor wires, and upgraded AC spark plugs. I had a friend built a dual snorkel air cleaner for me. I replaced the stock water pump with an Edelbrock high flow pump. Now I know that the engine/trans combination isn't exactly the same as what you have, but it did make a noticeable improvement in the performance of the car, while retaining the original 305 engine. I believe that this is about as good as it gets with a pretty much stock 305 long block in the car. I don't think that its realistic to expect to get an extra 40-50HP from a stock LG4 305 engine with external bolt-on parts, while staying smog legal. Like most of the other guys here are saying, you best bet for a substantial improvement in the performance of the car is to swap out the 305 for a 350. I also have an '86 Grand Prix which is going to be a long-term project. It has the LG4 305, and the 200R4 trans. I don't intend to keep the 305 in the car. When I get around to it, I'll be pulling the 305, and putting in either a 350, or a 383 small block. Keep in mind that all small block engines from 262 right up to 400 have the same external dimensions, so your engine bay won't look any different, unless you decide to change any external engine accessories, or dress up the engine bay. Hope this helps.