That was my situation too. I was 17 and in highschool when I got mine. The hotair will take you as fast as you want to go. The TM intake has opened the door to the 10s and 11s. I REALLY don't think it will take any more money to go 10s in a hotair than an IC car. You have to replace the turbo, IC, port the intake and heads, and downpipe to go 10s in both. The only reason it might be more expensive is we have to upgrade our headers sooner.
Like I've said 100 times before with only a FM IC and a chip, I went 13.9 @101mph at only 13psi boost on street tires. A VERY good running 87 will trap about the same. Definately could've gone low 13s/ high 12s on that simple combo.