Any tips, new to drag racing?
You've had a bunch of people tell you to keep it simple. That's the best advice possible. Learn slow. Don't try to go too fast too soon. All you'll do is spend too much money on parts you really don't need yet.
Research, research, then research some more. Your car needs to be a total package of engine/transmission/rearend/suspension. You can make over 400 horsepower with a well-prepped 318 but it won't do you any good if you can't get the power to the pavement.
I believe you'll be money ahead in getting your suspension set up to get the most out of your existing engine combo.
Also, make only one change at a time and record your results. You'll quickly find what works and what doesn't.
You're only 16, you've got all the time in the world ahead of you. Take it slow and have fun!