"Everybody wants a 1,000-horsepower car, but they want it on a 400-horsepower budget."
Larry Hamilton has learned this over eight-plus years as the service manager for Chicago-area performance shop Speed Inc. In building his own 1997 Camaro, he knew he only had a 400hp budget to work with, so he would have to be creative. Fortunately for Hamilton, opportunity knocked one day when the car of a well-known local street racer appeared on the lot of a used car dealership where his wife worked. "The car was originally owned by a friend and fellow employee (of Speed Inc.)," Hamilton said.
Hamilton had helped build the car at the shop, and then kept track of the car and its exploits over the years after his friend sold the car. When it turned up for sale, he saw a chance to replace his departed 1996 Z28, which he had regretted selling, with a car that he knew was already fast, and inexpensive, too. "The original owner had a goal to make the car the fastest stock-block LT1 out there," Hamilton said, and that goal had been largely accomplished with the help of a Speed Inc. head and cam package, some weight-saving mods (including removal of the rear seat, bumper supports, A/C and power steering), 4.10 gears, and a Turbo 350 transmission.
Hamilton's plan was to make the car a bit more streetable, yet remain within striking distance of the low 10-second times the car had turned before. "I wanted to go to cruise nights, drive it on the street, and then race it at the track and beat it up without having to worry about it too much," he said. "I added a K-member and A-arms to take weight off of the front of the car," which helped offset weight he added by swapping in a 4L60E overdrive transmission, adding subframe connectors, and installing a relocated power steering system that also hides the alternator for a cleaner underhood appearance.
Obviously, working at a speed shop has its advantages when attempting to build such a car. Hamilton is quick to say, though, that this is no company-sponsored ride, while acknowledging the help that Speed Inc owner Tom Izzo provided in the form of parts discounts and shop access. Hamilton is a meticulous builder, and because this car was a bit rough-edged when he got it (he spent three hours removing stuck-on rubber from each quarter panel), he ended up going over every aspect of the car. He made every element as perfect as he could, and, as tends to happen with automotive projects, one thing led to another. Hamilton's conservative budget projections were soon overcome by his comprehensive approach.
"Eventually I built a super-nice car and spent a ton of money on it," Hamilton said. "It just snowballed." He gutted and reworked the engine bay and repainted some of the exterior parts as well. The snowball then became an avalanche when Hamilton decided the car needed a new short-block. "I was having an oil pressure issue, which turned out to be a problem with the oil pump pickup tube," Hamilton said, noting that the car had seen about 90,000 hard, occasionally nitrous-boosted miles at that point. "I thought, `if I'm going to pull the oil pan, I'm going to put a short-block in it.'"
While many advised him to swap in an LS engine, Hamilton had already refurbished the entire engine bay based on the LT1's presence. Besides, he felt he could achieve his goals with an LT1. "A lot of people don't mess with LT1s anymore," Hamilton said, adding that he likes to do things a little differently. "That old LT1 car hung with a lot of built LS cars. I knew what it was capable of. Most people look at it as an underdog sort of thing, but the car is right there."