How about this for something quick and dirty...No need to pull the motor apart...you could do this over the course of a weekend and for a few hundred bucks.
You could do everything in stages over time in this order...
1) Add a set of headers (and dual exhaust if not already)
2) Add a modern dual plane intake like an aluminum unit from Mopar or edelbrock.
3) Pull the heads and replace the head gaskets with some really thin metal shim gaskets. This will bump your compression up a bit.
4) Pull the valve covers off and swap in a set of 1.6 or 1.7 ratio rockers. The 1.7 rockers will essentially give you a 5 degree duration hotter cam without the work of dissassembling the motor.
You should be able to pick up the headers and intake used online or on ebay. Probably can get both for under $100 combined. The gasket should be around $40 on summit...The rockers....I'm guessing around $200-$250???
As far as electronics, a mopar orange ECU and a tune up is more than fine...your stock carb will be fine if in proper tune. The K&N... not doing anything for ya
That should definately register on the butt dyno. but don't take my word for it though... I'm no expert......It seems the the standard ol' stuff though.