4.7 Power
#2
If you can find them, cams. Best bang for the buck is certainly HO cams. Also check into programers like Superchips, CAI/FIPK kits and high flow exhaust mufflers. I haven't done the efan swap yet but the guys who have swear by it.
#4
A cam swap isn't hard if you know what your doing. There are good directions out there, I used a Hayne's manual during my first swap. HO cams run about $200 and are on national backorder. There are 206 grinds from KRC performance but they are more expensive, around $600 or so. With the HO cams an average of 20hp increase is the norm. With 206 cams and a tune 25 or so.