I can not tell a difference between the stock and next step up, having used both. Our club takes drives in the foothills around here and the torque of the Healey engine means you can drive and accelerate up the hills in 4th gear. I think you will get more performance improvement via work on the head.
Jerry
I agree with Jerry in that a well set up stock BJ8 camshaft probably is the best compromise and with the engine tuned properly on a rolling road, which makes a big difference because these cars were set up for very different fuel to what we have now and the needles are miles out.
Where I disagree is with cylinder head mods, you can do a tremendous amount of work on the head and detect little or no difference at all, but change a camshaft and tick over becomes lumpy and you have to use more revs for the extra power it will give. If you don't fee a difference with a sportier cam it's because it needs to go on a rolling road to be set correctly. Anything else is guesswork and time wasted IMO.
An awful lot of people modify Healeys to Rally spec or whatever and the specialists ask vast sums of money for replicas, but I think they're inappropriate for modern road conditions where a good standard engine and perhaps a 3.5 to 1 diff assembly is the best compromise.
Any modern car, say an MX5 is far better cornering, much faster, torquier, better handling and it rides better, but it isn't a Healey and never will be any more than a Healey is going to compare with something modern. They're nice old cars and that's it. And is there a better looking car on the planet?