Keep in mind, you're asking that question to a guy who is not exactly the "king of cheap"
Well...I would use:
- Pauter or Crower rods.
- Wisco, Ross, JE are all good piston choices...ceramic coat the tops
- Ferrea valves, springs, and retainers...consider 1mm oversize...don't have experience w/ Titan
- Use a 7M crank vs the 6M crank found on earlier GTE motors.
- MHG is a matter of personal choice...use the HKS Stopper if you're going for the big HP numbers.
- ARP studs on the head (torque to 81 ft/lbs w/ moly)
- ARP main bolts...billet rods come w/ ARP bolts. Torque both to ARP spec.
- New oil pump
- Stock cams or a 264 cams
- Adj cam gears (optional...used to fine tune valve timing)
- Complete Toyota gasket kit...a lot of guys have used the Fel-Pro kit with success
- Boss Turbo w/ stainless lines...61 trim or if you really want to go nuts, a 67 trim
- Single piece downpipe w/ flex section...your choice on who makes it
- RC 550 injectors
- Spearco IC flowing 700-800 CFM w/ 2.5" inlet/outlet and 2.5" metal piping to throttle body
- Lex AFM or Maft Pro running speed density. Or you could go w/ a stand alone EMS
- Wideband O2
- EGT gauge w/ sensor on the turbine housing
- Aeromotive FPR w/ stainless lines...bypass the "J" tube and remove the FPD
- Upgraded fuel pump
- MSD wires w/ NGK iridium plugs
- Bigger oil cooler
- Remote oil filter w/ dual head...Wix & Trasko oil filter
- Ceramic coat exhaust manifold, turbine housing, and downpipe...2000 deg rated coating
- CSF dual core radiator...you need this in AZ...trust me
Machine work:
- Bore to .020" over size using a torque plate
- Piston clearance on the tight side of manufacturer spec
- Gap the piston rings
- RA spec on block/head deck to 30 RA (at least)
- Machine front timing cover to match block deck height
- Line hone
- Turn & balance crank
- Balance pistons and rods
- Clevite rod and main bearings and thrust washers (sized to your crank...tight side of spec)
- Check sizing on new rods and match to crank/bearings
- "Street" P&P head
- 5 angle valve job, new seals, replace guides as necessary
- Replace exhaust manifold studs...helicoil exhaust stud holes on the head
This is just off the top of my head...looking at some of this, I see that prices have dropped...that's good for you
You'll have to get the pricing on your own.