You're gonna need more that just some nitrous on that.

Start with a high stall converter. 10", 3600stall, multiclutch lockup, 2.65STR. OR maybe a Yank TruckThruster line. Do you tow?
Cam like a a 218/226 .535/.550 114LSA
Ported heads and milled heads
6.0 motor (the HO for more compression)
Intake
ASP pulley
Full exhaust w/ long tubes, 2.5" duals,
Tune

You'd get pretty close like that n/a then with a 100shot I'd say you'll take him.

BUT watch out LT1's get fast for cheap. Good headers, a set of lower gears in that 6 speed, and traction I'd bet it would bust high 12's...