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gears, cai are ur cheapest mods. Might want to look into the PI head swap (a bit of cash there) and slowly building up you're exhaust (headers/midpipe/catback) get 3.73s if you do alot of hwy, 4.10s if you dont, but dont forget you'll need to get some d/rs to get decent traction with 4.10s :-p
No it shouldnt, it will only drop with your driving habits, which will change for sure when you first get them installed. CAI and Pulleys are good starts both would run you abour 200bucks and the PI swap that was mentioned above would prolly cost about 2grand with install. Gears will cost prolly 150 and about 400total with the install.