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With Drag Radials and decent weight transfer you should easily go 11.80's or maybe a little lower, first time out probably very low 12's.
I agree,don't be dissapointed if it runs high 12's first time out. It takes a while to get a car sorted out.
As far as estimates go,it should make around 530 hp and 560 tq when the tuning is all sorted out.
Keith