You also need to consider the requirements of the class or the car will get thrown in Unlimited which may take a bit more tweaking on the engine.
Lots of weight can be saved by replacing little things. Make aluminum brackets instead of steel, etc. Joel probably knows all about that stuff. I think the car could shed a hundred of so fairly easily. I took 75 pounds off the front of my Fairlane after it was already finished and it still has all the stock heavy brakes and all the same body parts as it had before. I made the hood prop rod from aluminum tube instead of solid steel rod, mini starter, mini alternator, aluminum center ATI damper, aluminum alternator brackets, plastic sealed beams, fewer and lighter fender bolts, etc.
100 places to take a pound out.