Take it from another kid in hs, build it to enjoy it yourself. It won't take much to outrun the hondas.
Do you already have a 350? If not look for ANY 330, 350, 403, 425, or 455. Those are all good motors that come up from time to time fairly cheap. Do a stock type rebuild if necessary (sometimes better to get a running motor), mill the heads to bump the compression, and give it a good cam. Intake and headers are only really helpful once the motor has a need to breath deeper.
I'm building a 403 to match the "texastransams" build. Hoping for high 13's in the 1/4 (their build ran faster in a heavier car) when I'm done and the entire motor won't cost more than $1000. (Actually if nothing else pops up, I'll be in for less than $500). Then I plan on getting a better rear ratio from 3.08-3.73 and a good rebuilt trans won't cost more than $500 from a local shop, or I might even try that job myself.
It can be done, and there is no need to touch the bottom end except for a rebuild if it NEEDS one.