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Don't we all :D Torque is really more important to acceleration than HP. HP is a function of torque over time. HP = torque X RPM/5252. Thats why you'll notice of power curves that HP ALWAYS equals TQ at 5252RPM.
Heres some commonly known best HP/TQ to $$$ ratio stuff:
1. N2O
2. K&N air filter
3. Low temp thermo
4. Electric fans (eliminate pulley driven)
5. Cold air induction
6. Underdrive pulleys
7. Higher ratio rockers
8. Carb spacer
9. Cam
10. Headers/Exhaust
11. Intake & Carb
Don't forget chaging the rear end gear ratio. I've got a 3.55:1 ring and pinion in mine and it made a difference. Not the cheapest but worth every penny.
If top speeds/rpms are not a concern and you want a large dose of torque. Change the cam to an RV torquer cam. This is the bottom of the cam clan. It doesn't mean that its garbage just that this one starts with massive amounts of torque at the low end while compromising the high end.
There's a difference between "cheap" horsepower and "the most horsepower per $". If your engine isn't already in good tune, you'll get both by a simple tune up. For cheap, you can gain a couple hp here and there with better mufflers, air filter, blocking heat to manifold, eliminating smog devices, etc.. If you want more power that you can really feel and measure, a cam swap will probably provide the single biggest improvement for the money. Once you get a taste of some power you'll probably want even more so plan ahead.
I just got through with an engine job on my 73. Head change and cam swap will make the biggest difference. Get a good intake also. Throw in headers and muffler upgrade and you are well over 300 HP.