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Those parts aren't the worst out there...I'm trying to also get into the 12s...what is a cheap easy recipe for 12s in a carbed 5 speed car? Easier than fuel injected?
Your user description says 88 GT. Assuming that you're working with an 88 GT with a carb swap, all you need is a 3.73-4.10 gear, good suspension (UPR) and slicks.