I used to own a 99 LS and loved it and my plan was always to turbo it, I say go LS Turbo. But you would have to save a bit more for the Drag kit of try to do a custom kit. If you don't plan to save some money for that then I would try to put it into a better project.
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Quote : I'm Slow:
Less hours = less $$. Less repetitive 'ish every day = PRICELESS!