It sounds like you're doing the right thing...tuning. As others have said, you've got a LOT more HP hidden in your motor. Here's my set up:
Stock bottom end, bored .020 over, J&E pistons, GN1 unported heads, TE44, FMIC, 42.5 lb injectors (yes, that's right), ATR RP314 cam, modified stock convertor, THDP,
I sold this car to a guy in Arkansas, (now buying it back!) and as soon as he got it, he had it dynoed at the tune that I had done on it: street chip (don't know the timing deg.), 18 psi boost, 96 octane. And with the cut out open it made: 395 HP; 411 torque.
And with a better tune, there's lots more HP. It goes without saying that there's tons more HP with more octane, boost and timing.
I found this thread because the guy who's selling my car back to me (I moved to France for a few months, now I'm back, and need my GN!) had also purchased the Big Stuff 3 engine management system (not yet installed). I'm trying to determine if it's worth buying from him. I'd love more input from others with the BS3 (I don't much care for the "BS" connotation) system.