After the upgrades you mentioned how much HP do you think it will gain from the base 260? Also only the 96's have the o2 behind the cat.
the 94 is the best one to get- in 95 they went to a hybrid OBD1/OBD2 setup, and 96 went full on OBD2 and that just complicates things in every way.
after the stuff i listed, hp would probably be in the 400 range at the flywheel.
the LT1 in the B bodies got a lower HP rating than almost the same engine in F bodies (275) and Corvettes (285, i think)- partially for marketing purposes, and partly because of the more restrictive exhaust setup used to keep the Caprice quieter- they had a 2" dual exhaust setup with lots of unnecessary bends and kinks with 2 mufflers in front of the rear axle and 2 resonators right behind the rear bumper. a 2.5" true dual setup with long tube headers would take care of that problem... the Caprice LT1 had better flowing iron heads with more efficient combustion chambers than the aluminum heads in the Vettes and F bodies. the Caprice LT1 heads were what they based the vortec truck heads on when they came out in the 96 pickups, and those are the best cast iron heads GM ever installed on a small block.
there is no reason that a Caprice LT1 with good exhaust and the HOT cam setup won't make in the area of 400hp with a ton of torque- with the deeper 3.73 gears (which would have about the same final drive ratio with the Imp's 28" tires as a GN with 3.42 gears and a 26" tire) it would at the very least be close to an equal match for a similarly prepped GN for either owner to be able to say that their car was the best.
i can say from experience that a stock 227,000 mile 94 Caprice cop car with 3.08 gears felt at least as fast to my "butt dyno" as a stock low mile 87 GN, and it was very stable and undramatic when it hit the high speed fuel cutoff..