Hey guys, thanks for all the suggestions so far.
What I'm hearing is you can't get something for nothing and to make any noticeable improvement to how the car feels it looks like I'd need to spend around $3-5K. As I have a substantial (at least for me) amount of money tied up in the car already, tipping another $5K in at this stage is not really an option.
However, it's all good food for thought and I like the out of the box thinking of changing the diff ratio, but the $1K labour cost would put me off. I guess I was hoping just a set of heads might make a real difference, but it sounds like there needs to be a fair number of supporting mods that I would need as well.
I know if I start messing around with pulling the block down and going through everything that needs a refresh then I will be looking at a black hole that I keep throwing money into which is not where I want to be. It would have been nice to just have the ability to spin the wheels of the line when I want and have a little bit more roll-on acceleration, but it looks like that's just not do-able on a tight budget.
Someone asked what sort of dizzy I have - it's a Mallory combo electronic distributor/ignition unit. Someone else asked if I had tall or short rocker covers - they are 7.5cm tall on the downhill side and 6.5cm tall on the uphill side, so hopefully that tells you what type they are. To answer another question, wheels are 15 x 7 Magnum 500s with 215/70 BF Goodrich radials. I will also try and get some more numbers off the carby to see if anyone knows a bit about it.
I'm pretty sure what the answer will be, but I take it all the cheap heads on Ebay are rubbish?
E.g. $1,090 + $200 extra for roller rockers:
http://www.ebay.com.au/itm/151576610433