A cap and wires aren't going to make more power unless your original wires were so bad that it was arcing at the distrib (car will mis BAD). MSD and the such will not produce more hp, it's been proven. Power is air and fuel, if the spark is there, that's all it needs. I have yet to see somebody run a better time by running different wires/cap and/or a C.D. spark system! Now if your car needed wires (because old ones were broken etc.) THEN you would notice a BIG difference in the overall running. One thing that makes a nice addition to older cars is an HEI setup, more volts = better spark (more reliable, not powerful). If you can't afford a custom eprom, run some good gas (93/94) and advance the timing to about 6 base. This will increase spark advance acrosse the whole table and you will notice a slight increase in throttle response (more fun).
The March pulleys are good if you want power power power. The problem is that they underdrive the alternator from stock (3:1) to something less which will produce low volts at idle. If you aren't staging with the torque converter.....you'll notice an anoying idle rpm surge (ecm wants more power so it increases rpm). The pulleys do work but I don't think it's worth it for a street car. Some will say ever bit counts. Those people had better not have ac, a mechanical steering box, no interior panels etc. (Tim aka NJ Speeder). Heck, do what he does, don't go with an open element, go with NO element

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My list from stock would in order:
Open element
gears w/posi
Headers w/y-pipe to 3"
3" cat-back
intake manifold
That's as far as I would go personally with a 305 Lo3. The Lo3 just has too many things against it (bad cam, crap heads, 2 bolt, small dia pistons). The only good thing is it's a roller cam (not sure if it makes any difference with such a small cam). I've heard that people like 1.6 rockers but I don't think it's worth it. Heck, if you're going with 1.6 rockers, for the price you could keep the 1.5's and do a cam swap!!!
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, Jon (
350 TBI!)
91 Red
My website