Well it's been 7 weeks to the day. And i now have an answer to the question i asked 7 weeks ago.
Cheap ebay fmic=200 bucks with shipping, and a whole lot of piping that i didn't really need, but the t bolt clamps were handy.
Voodoo boost controller- don't remember what i paid, have had this for years. I think 15 bucks.
Got 100 bucks for my cats, so i think i am somewhere around 600 for the big expences. Ironic that the cheap ebay intercooler was one of the main expences. I have no less than 600 dollars and no more than 1000 by the time you add up all the nickel and dime stuff.
As you all know this motor is all stock, and most likely a little tired. The car has no weight reduction whatsoever, both bumpers, full interior.
So i installed the intercooler yesterday. Not too happy about the way i did it, My car is not a sleeper anymore, that's for sure. But it seems to work awesome. The core is always cool and the charge pipes are cool to the touch now, I would imagine i got a huge drop in intake temps.
Today i installed a mbc and went to town. My first run (gtech) i did 14.25 again at 10 psi. Don't forget the last 14.25 run i did with the hood off and no interior. Then i upped the boost to 13, ran 14 flat. Was not looking to good at this point, but i kept trying. 15 psi i ran 13.5. At this point i was pretty happy that i got the car going this fast on so little money. I figured i would go no faster, fuel cut was right around the corner, but i tightened the ol ebay mbc a little more and tried again. 17 psi, spikes to 20, and still no fuel cut. That's a little weird. The car really comes to life at 17 i don't know what it is but it feels like another 20 hp compared to 15.
This is the good part= 12.77 at 110 mph!!!! I couldn't believe it! What a rush! From 13.5 to 12.7! i would have never though i would accomplish my goal time this soon, and this cheap and easy! This was my first and only attempt with 17 psi, i was so happy about that i didn't even bother to try it again. I am also leary about the no fuel cut at 17 psi. So i don't want to try any more boost until i get some sort of monitoring device. It's fast enough now. But I would think high 11's are very possible for under 1000 bucks. I still have the balance shafts and I'm sure with enough weight reduction you could lose another 200 lbs easy. And i'm 200 lbs myself, Somebody lighter could have much better results.
0-60 in 4.68 seconds.
I guess the answer to the question is, you can run high 12's for the price of the colt+ the donor car+a few hundred dollars worth of miscellaneous box iron, welding gas, wire, exhaust pipe, etc etc.