Ok, so I bet my friend $20. Who would win in a drag race?

He has:

99 Honda Prelude
CAI - AEM
Headers - Stainless Steel
Exhaust - I think Comptech
and a Racing Chip
He also took off his Catylitic Converter (Does that do anything?)

I have a:

2k Honda Accord EX V6
CAI - AEM
Dual Magnaflow Exhaust

Who do you think would win? Also are there any more performance mods I can do that are within the $100-$300 range?