This is my 2 cents ,You seem to have a good combination of parts .
I would start tuning , set the timing with 14-16* at idle & 36-38* at 3000 rpm , disconnect the vacuum advance , get the jetting dialed in . The engine is only an air pump so air flow in & out & heat are what make power , cold air unrestricted in & getting the exhaust out will make power , how high are you revving the engine ? Going to a 750 Proform is a good call as they are far more tunable but from an air flow standpoint you may gain very little power . The $$ may be better spent elsewhere .
Porting the heads , helps when done properly . Are you running a 180* T stat , you should be , what about a clutch fan to reduce drag ?
To me BFG & traction are opposite one can one or the other but not both !! Try a set of Nitto 555 drag radials , clamp the front of the leaf springs with flat top U bolts to make the front section as stiff as possible , lighten the front end move the battery to the back , use a 70/30 shock in front to allow the front end to rise faster , use lightweight wheels & alum driveshaft , anything that has to be turned up to speed is 10 x the value of just removing weight so 1 lb of wheel weight is = to 10 lbs removed from the car .
Take it back to the track & find out how close you are .