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<E34> Performance Improvments

I've been subscribed to the digest for a couple of weeks now and I
can't believe how much I've learned! I want to say thanks to all. Now my
question...

        I've had my '91 525ia (M3) for a couple of months now and I am
(thanks to you guys ;-/) ready to start getting more power to the
pavement. I am going to take it to my local mechanic to actually have
the work done (unless someone can recommend a suitable mechanic in the
NY area). I just don't want to trust him to tell me want I should buy
(although he would be more than willing to do so!!!). I am looking for
the most bang for my buck -- for street use. What would be most helpful
is a prioritized list (including specific recommendations). For example: 
                                1. Dinan Chip
                                2. K&N Filter, etc.
And like te saying goes, "Money IS an object!". Oh, BTW I am going to be
changing my muffler soon, as it is starting to rot, so please include a
replacement for it on any list.

Thanks for the help,

Vernard
'91 525ia (M3)