Relatively Inexpensive & Easy:
* Tune-up: This is the absolute first step. New spark plugs, wires, distributor cap and rotor, air filter, and fuel filter are cheap and can make a noticeable difference. Consider a fuel injector cleaning as well. A good tune-up ensures the engine is running optimally with what it has.
* Exhaust System: A less restrictive exhaust system (headers, better flowing cat-back) can improve breathing. However, be mindful of emissions regulations in your area; some modifications might be illegal.
* Cold Air Intake: A cold air intake draws cooler, denser air into the engine, leading to slightly better combustion. Aftermarket options are readily available.
* Throttle Body Spacer: These are debated, but some claim a small power increase. Results vary.
Moderate Cost & Effort:
* Performance Chips/Tuners: These alter the engine's computer programming to optimize fuel delivery and ignition timing. Results vary significantly depending on the quality of the chip/tuner, and some can actually *reduce* reliability if poorly done. Research thoroughly before purchasing.
* Cam Swap: A performance camshaft can improve horsepower and torque, but this is a more involved mechanical job requiring engine disassembly, and may require other supporting modifications (e.g., valve springs).
* Improved Ignition System: Upgrading to a performance distributor or an aftermarket ignition system (e.g., MSD) can improve spark energy and timing consistency.
Expensive & Advanced:
* Head Porting and Polishing: This significantly increases airflow through the cylinder heads, but is a specialized and expensive job.
* Intake Manifold Upgrade: An aftermarket performance intake manifold can improve airflow and performance.
* Supercharger or Turbocharger: These are the most significant power upgrades but are also the most expensive and complex, often requiring significant modifications to the engine and supporting systems. This typically isn't cost-effective for a 305 TBI engine.
* Engine Swap: Replacing the 305 TBI with a more powerful engine (e.g., a 350 or even a later generation LS engine) is a major undertaking but yields the most dramatic performance gains.
Important Considerations:
* Reliability: Many performance modifications can reduce the engine's reliability if not done correctly. Poorly executed modifications can lead to premature engine wear and failure.
* Emissions: Check your local emissions regulations before making any modifications to your exhaust system.
* Fuel Economy: Performance modifications often result in a decrease in fuel economy.
* Professional Help: For anything beyond basic maintenance like a tune-up, consider seeking the help of a qualified mechanic experienced with this engine.
For a relatively modest increase in power without major expense, focusing on the inexpensive and easy options (tune-up, exhaust, cold air intake) is a good starting point. Anything beyond that requires careful planning, research, and potentially professional assistance. Remember to prioritize keeping the engine running reliably.