I just thought I would update this thread a little:
I took the car out to the track Friday night. Ran a string of 16.8's. To recap, this is a 1994 Honda Civic CX (stripper, no options car that in Canada comes with the DX 16 valve motor). It has a Ractive intake and MSD ignition wires. 250,000kms (150,000+ miles). This car has no tach, so there was the occasional bouncing off the rev limiter. It also didn't help that I didn't have time to check tire pressures BEFORE getting to the track. I set the front 175/70R13 almost bald winter tires to 27 pounds. Hooked up real good in the 10*C weather :D However the right rear tire has a slow leak... it was down to 18psi the whole night, which I bet is about another tenth right there. We were also seriously hot-lapping the crap out of the strip, just go go go so that wasn't helping either.
So, first things first. Installed the free ricer tach that came with the car. Has a shift light, works great. Now I can consistantly launch and shift rather then doing it by ear. Next will be stripping the rear interior out along with the passenger side seat. I want to try and break below 16.5. I figure it can be done if I lose 100 pounds of interior, plus a MUCH higher launch RPM (think 5K), coupled with 40-45psi in the rear tires. Oh, and I'll be running as little gas as possible, not a 1/2 tank :P
Finally, under no circumstances will I be doing a motor swap. Not even a mini-me head swap. After a lot of research, I found someone who successfully ran an ebay turbo kit into the high 13's with minimal cash. Not as impressive as some of the GRM crew, but if I have the $1k at Christmas time I will be doing a turbo install using the 'rents garage while they are in Mexico for two weeks. Even if modifications are required I have access to people who can weld gooder, plus I now have a friend at an exhaust shop if I need any pipe or to modify it. This is becoming ALOT fun. I also found a long lost buddy a day before I went to the 1/4 mile (he came out as well), who did a 1.6L SIR swap into his 99 EK. He is running mid 15's. Totally psyched about this!