well the gt40 is not restrictive. it's my favorite intake. i am using the same setup you just said.... edelbrock performer 5.0's and gt40 intake. ported exhaust, cleaned up intakes, comp valve job, and lower is matched to the heads
some will say the 40 is outdated and others flow better, but i disagree.
$600 is a fair price but check these ones out...
http://detroit.craigslist.org/pts/673330860.html
i wouldn't use the stock intake though, at least do a cobra or something, you don't wanna have to do the intake again later, and the gt40 lower gives you some good options. ike a breadbox from downs or cobra or real tubular.
stock cam, just heads and intake swap + 80 shot of nitrous i'm expecting to make about375 at the crank, or enuff to dip into the 11's
my buddy did it same setup, heavier car, similar portwork on iron heads, and 125 dry kit.