You now have the car, and you have some money.
There is no better timing than that - go for it.
I whole heartedly agree with the need for upgraded ignition wires and spark plugs so definitely get those along with the rest of your mods. Do the exhaust first.
By the way, the mod list you have is exactly what I have on my car, and I've made a bunch of 14.5 second passes at the dragstrip.
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