Well 1st off, your not gonna do much with a couple hundred bucks, but if you want to make it fast, save you up about $1,000-1500 and you'll beable to make alot of good mods.
Now that one guy that told you to put a vic JR intake on it must be smoking some good stuff. LOL The vic JR intake is a single plane race intake made for 4500 rpm and above rpm. I dont even run a single plane on my 500 HP 355.
1st things to do on a cheaper scale is power tuning, and exhaust system.
Hedman or hooker headers (1-5/8" tubes, 3" coll) dual 2.25" pipes, or single 3" pipe, good muffler(s) like dynomax super turbos, summit turbo (same as the dynomax), dynomax ultra flo, etc.
Now get you a $6 HEI dizzy advance curve kit and install the light and med tension springs in place of your stock dizzy mech. advance springs.
Now you have to stop and think what you really want to do. Intake would be next on the list, but heads are where most of your power comes from and what heads you have determans what intake you need ..
Myself I agree with the vortecs. Look for used 1996-2002 chevy/gmc 350 truck/van heads. Those are the vortec heads. You can norm find them used for $250-450 a pair. Also those vortec heads are 62cc heads (most places say 64cc but all the ones I have cc'ed came in at 62).
That will bring your compression up cause most likley you have smogger type (882, 993) heads which is 72-78 cc chambers
Now with those heads you will want a better cam, and intake.
A cam from crane, elgin, howards, summit brand, comp, etc with around 214* intake / 224* exhaust duration @.050" lift on a 112 LSA (I would go with elgin cam kit from compitition products) good cam, great price
For intake you will need one that will bolt up to the vortec heads and work with a 4bl carb. I would look at the pro products crosswinds intake. It's a dual plane intake made like the edelbrock performer RPM intake.
Put you a K&N air filter on it, good plug wires, etc and you'll end up with a nice engine making an honest 300 HP 350.
A few other things thats gonna help you is...
Rear end gears. Most cars came with 2.73 to 3.08 gears. Those are highway gears and suck for fast launchs. You will want a 3.42 or 3.73 gear
Once you do the cam, head swap on engine you will also need a high stall speed torque converter. Something in the 2600 rpm stall range will do you good. Look for house brands as they are just as good for your need and alot cheaper.. Summit brand, jegs brand, etc.