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A 7k budget can set you up nicely. This is what I would do:
-Ported SC (increase hp as well as lose restriction, lower IATs, and decrease boost a bit. You will not lose power from decrease in boost but be more efficient)
-103 throttle body
-rotofab Big Gulp
-kooks headers with or without high flow cats (I would go without)
-NGK plugs 1 step colder with heat sleeves
-taylor wires (or could stay stock as they are fine)
-ATI balancer and 9.17 pulley (this will obviously increase boost but since the SC is ported it will not create as much heat)
-dyno and street tune
This should put you between 680-700whp. Plenty of power.
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