Killer... lots of good advice
This is straight line racing, no turns tighter than 1/4 mile.
To go fast you need to put as much of your motor power as you can to your wheels
As Sid and I will always tell you... keep as much as you can hidden from the wind... and the parts in the wind as small as possible
My car is a chain drive to a live rear axle, no portion of the suspension, front or rear, is in the air. You will want your suspension movement to be limited and stiff... JMO... look at Bockscar 2.0 for ideas of how to do that.
Very few folks want to spend the time and money building to come out and make a couple of passes... as Sid said it is an addiction.... but I have to agree with Neil, there is satisfaction in doing it, but everyone wants to set a record.
Be prepared to become addicted