Matthew,
I don't remember what transmission you have.
If it is an automatic (TH350) switch to a 200R4. It has a better low gear and an overdrive.
If you have a Muncie think about a five speed. Most of them have a lower first gear and do have an overdrive.
A lower first gear will help you off the line. You can get a lower first gear by installing a lower geared (higher ratio) rearend or by installing a different transmission with a lower first gear.
What rear end ratio do you have now?
For ignition, get an HEI. It will do everything you need to do on the street.
the 700r4 has a deeper first gear- the 200 4r gear ratios are almost identical to the TH350, but it has an overdrive added on..
the way i'd get better low end would be to put in an HEI with the vacuum advance hooked to manifold vacuum and make sure it's getting as much voltage as possible to the coil- run a relay directly to the battery to be sure...
upgrading to a later model CS series alternator with a big power wire going directly to the battery has also helped me with low end power and throttle response in the past. you should be able to find a good donor in a junkyard (one from a 90 Grand Am with the 2.5 is a bolt in once you swap the pulley) and wiring is easy to do. everything else in the car will work better, too..
then you can get into things like headers and exhaust, camshafts, intake manifolds- and tuning..