You need to set some objectives.
A well worked cylinder head is an all round winner, but it won't give you masses of power. Forced induction can give you more and as it can also deliver in the same rev range, less working of the bottom end and gearing is needed. A grand isn't much for a turbo project, but it'd still give you the biggest returns for your money.
Ignition wise, like a stopped clock any dizzy can be set up to give the right advance where it matters most. It's not all about maximum power though, a well set up engine will give good economy and better throttle response, feeling more powerful.