Just curious what kind of 0-60 and or 1/4 mile numbers your car does. I recently test drove a real nice 87 442 with factory 307 vin "9" roller motor and 70K original miles. It was in tip top shape with a recent tune up and some basic carb work and ran a stop watch 8.5 seconds 0-60 for me pretty consistantly with loads of low end and mid range torque. The puny 7A heads are good for mileage and low end torque but kill top end power so on the highway it was merely ok. This car was totally stock with the original cat and exhaust and the motor looks to have never been opened up. I know a few late 86-87 guys with these same vin "9" roller motors that got these engines in the low 15's 1/4 mile and 7 second 0-60 times and that was with true duals, no cat, tweaked carb and chip but for the little gain those mods didn't seem worth it to me. The 83-85 vin "9" motor used the freer flowing 5A heads and intake so a switch over to that setup will look stock and give your engine a cheap power boost if you want to go to the trouble of converting over to those style heads, cam and intake. If I were you I would just get your car in tip top running condition with no trouble codes, base timing set to around 22 degrees, no vacuum leaks, TPS properly adjusted, carb in tip top rebuilt condition. Omitting the cat will free up some HP but check your local emissions requirements as some stations will check this when inspecting your car.