Thanks for the feed back guys.

I'm curious about Exhaust vs. Fuel upgrades. I generally feel as though I'll get the greater benefit from the Fuel upgrades than the Exhaust...although I have no factual reasoning for it. Is there some tangible data you've used to determine why one is better than the other ?
The exhaust is slightly more powerful but it increases the others as a benefit (or detrement depending on case). If you have fit the exhaust first after scanning through you know what I mean. Its at least a 1 HP gain on most of the others I'm toying with a car right now. Even the intercooler upgrade gains a HP.
I haven't been logging tq/wgt, but I might have to after the response. Basically I'm looking at how much weight is the car running at and start from there. I too think like Ske and TBear. Anything over 23-2400 is heavy.
I have a displacment cut off points depending on weight. Unfortunately, the only way I know this is my memory at a love for anything four wheeled.
At lightweight status (< 2400) My usual cut off point is 3.0 to 3.5 L engine size.
In the intermediate size (2400-3000) 4.0L is usually the cut off
Over that its usually 5.0L. Except for some V8's.
The cut off is where I focus on torque vs RPM. Within say, 0.5 to 1 liter over the cut off I'm looking to balance both, depending on PI limits. It depends on where the engine makes its power. Intake and valve trickery is great for HP/displacement ratios and shows great engineering prowess.
But there is no replacement for displacement.
Example: The OSS Solstice challenge. I built it without going to the cams. I used race everything but them. The car was around 2500 with a 2.4L four, under my rules. It helped the GM has a pretty flat powerband on that engine. Top speed was a pathetic 4.2, but accel was 4.7. It pulled the hill on the start/finish line with no problem.
The S2000 had almost a total reversal of those numbers. 4.7 top - 4.0 accel. It was gutless. It couldn't keep up. It lacked any torque. I tried to solve the problem with gearing, going from a five to six. It kept closer until the extra and earlier shifts cost it.
Dang, I had another rule pop in my head. But I have to get off now. I'll add this if I can get back on later tonight or definitely tomorrow night after work.