the easiest method to make any amount of power is with a turbo. Check out
www.turbod16.com or homemadeturbo.com for alot of information to get started on boosting. DO ALOT OF RESEARCH, the more you know before you start the better the set up is gonna work and the longer it will last. Also, be sure to use the search feature, there is alot of information on this site and youll find that most of your questions have been answerd before
depending on your recon skills you could get to 250hp for as little as 5 to 6 hundred bucks, some have even done it for less.