I made an executive decision today concerning my future plans for the CS. I've decided that drag racing is not going to be my primary goal. I want to focus more on a balance of power and handling (obviously) since having lots of power and not being able to handle very well didn't work out so well for me with the Bullitt.
Today I bought a Ford Racing M-FR3-MSVTA handling pack from Steve. It's designed for a gt500 so the front springs are designed to handle a slightly heavier engine but I believe it will be fine. If the front sits 1/4" higher than designed I'm ok with that. I don't want it slammed anyway.
http://www.s197forum.com/forum/showthread.php?t=114661
Lowering the car over an inch will most likely necessitate some BMR love for the rear suspension in order to correct the geometry so I'll have some traction. I want to have all my suspension upgrades complete before any power upgrades.