Hi, first off, nice 320is what colour is that? It also looks like you have alot of parking tickets from your picture!!
With engine mods there is quite alot that can be done but they are quite expensive.
The main things on our engines are the lack of torque. I think the best upgrade is getting rid of the AFM (air flow meter) and going with a different ECU (Maxx, alpha-n, Motec, etc...). This mod gets rid of most of the restriction in the intake and free's up a bit of power and mainly Torque.
To be honest you need to be spending about $1500 to get anywhere.
With the new ECU there is the option of fitting more aggressive cams and also getting work done to the head.
I hope this helps a bit.
You might also want to check out,
www.s14.net this place is great for anything to do with the S14 engine, word of warning make sure you do a search first otherwise they will get annoyed with you and tell you to search. If you have any problems let me know.
P.S. What wheels are you running, I always liked the look of those.
Luke