When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Given those two choices, I'd do the Exhaust Mods. They set the ground work for everything else. Doing the Engine Mods you mention will require a tune. Why bother tuning into an exhaust that you will just end up changing later anyway?