Hi, I bought the Predator 6.5 as pictured in the above link and this is how it looks now after doing a bunch of mods which include the following:
Removing governor
Removing low oil sensor
Replacing valve springs with 18# ones
Replacing conrod with billet one
Replacing flywheel with billet one
Rejetted carbs main & pilot jets
High flow air intake
High flow exhaust
Walbro fuel pump
Replaced stock cam with a Dyno Mod 2
It did not come cheap either but I had a lot of fun doing it all since it was my first time tearing down an engine and I learned A LOT with the help from people in this forum. If you want to stay on the cheaper side the first mods to do would be to remove the governor ($free) remove low oil sensor ($free) install high flow air intake ($30) install high flow exhaust pipe ($30) rejet carb ($15). You can leave it at that and have a noticable difference in performance. So if you are up to the challenge, you will not be alone. We are all here to help.