If you're really on a budget, you could pick up these shocks and springs from the GT500KR. It wouldn't be adjustable or anywhere near as good as a set of Konis or Bilsteins, but it's $279 shipped. Better than stock
http://www.buyfordracingfromdpm.com/shelby-gt-500kr-handling-kit/
Wouldn't those have too much spring up front? The GT500 has the additional weight of a supercharger up front, not to mention that the engine uses an iron block.
He might be able to use the dampers with his current K springs, though. I've no idea how well the KR dampers would work with the K springs.
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