It can be done.
I' knew a guy way back that ran 12.50's with a fairly stock coupe. Was a hardcore track guy.
5 speed car, Gears, pulley's, exhaust, 75mm mass air (this is track tested to get you .2, I know this first hand, took my stock car back in the day from 13.8 to 13.6).
No belt, with this little electric motor and add on belt just running the water pump.
4 cyl springs, drag radials, disconnecting sway bar.
The problem is keeping the car complete.
We all know i'm no fan of stripping out a car, but you lose the seats, sound deadener, ps, ac and any other unnecessary parts it gets easier (now you just have a slow ass race car).
You also have to be a guy that is really going to frequent the track. You don't get killer results without a lot of testing.
Employing every trick in the book and being able to do all your own work will get the job done, but it really takes dedication to the task.
For example, head shops get like $600+ to port heads, if you are details guy, have the tools, time and patience, it can be done. If not you will just have 2 really heavy paper weights.
I think the real issue here is going to be getting an aod to do all of this. Converter and shift kit is going to help, but I still think it sops up too much power. Maybe a manual valve body (although I don't know anyone that has really made good use out of one of them in a street car).