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Heads first, then pick a nice proven setup. Mamo or CPR have amazing setups that work well. Depending on where you are, there are a lot of good shops with good proven setups.
we would love to help you out sir, we have some very potent proven combos that not only make the numbers but back it up w/ multiple wins at events. If you're not local to us or don't want to ship us the car if out of state we can gladly supply everything you'll need to assemble a solid setup that will provide years of trouble free performance.
If we assume the car is running good then start with the basics:
1) Have the heads (guides and valves) inspected, and replace/repair. Many proven setups, including AHP, WCCH, AI, Mamo etc.
2) If the tires are more than 5 years old or worn to 3/32nds or less then replace with MPSS
3) Brakes: Carbotech 1521
4) Shocks: DRM Valved Bilstein
5) Have an alignment performed
Now the car is better prepared for putting more power down. Too many guys just add power and get alot of attention here, but do nothing about the brakes, suspension or tires. Ignore these guys.
6) Minor power mods to get started include a Cold Air Intake, like the Halltech 103 (10-15rwhp) and Headers (ARH, Kooks, LG) and a tune. Very good starting point for mods and you may be happy with just this.
7) When (not if) you do the heads, consider a cam (BTR, Katech etc). Lots of good choices here. Spec the cam to your build and ensure you have the supporting mods for it. Our motors really like a better/bigger cam, but don't go real big and don't let anyone talk you into a huge cam.
If you start thinking "max effort" or want more power, then consider:
If you can't/won't do the work yourself, then you need a competent installer and a competent tuner. These are not always one and the same. Ask around, do your research in your area and get opinions. Guys like Joe from CPR, Tony Mamo and Fran know their **** and will do right by you. They are also active members of this forum, have a **** ton of experience and support the Corvette community. There are many other combos that are different than what I listed above that they can help with and may recommend.
07 is a t56, 08 is a t6060. Both made by tremec. 6060 has a higher torque capacity, but many say (and I agree having both) shifts worse. My t56 held 1100+ just fine. Unless you are modding the car into the 1000+ range, the t56 is more than strong enough to handle anything you can throw at it and shifts better.
So better is up to you. The differences are so minor most people won't notice.
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