BTW I have a great suggestion for you, tape up your speedo so you can't see it. This is something that most intructors will tell you to do. Once you get the whole "fast" thing out of your head you will be light years ahead of yourself. That way you are only driving at your comfort level, not at some predetermined number that you decided while listening to your friends tell you stories.
And If I were you, I would be doing a C5 front setup, you can piece it together and do it very cheaply. Or better yet I belive Dennis68 put together a pretty killer wilwood setup for fairly cheap, with a revised spindle and geometry. I'll look for his website, I don't believe he posts much anymore
EDIT: heres his site, I think he might have the right solution for you;
http://www.onrails.us/
check out his wilwood setup , with the improved spindle, hub, and steering arm