Don't forget, you'll gain a good bit of weight back once you cage it. Also, about the weight of the drivetrains, I don't know that a 3800/4L60E would really be any lighter than an LT1/T56. I'd definitely think either LS1 drivetrain would be lighter. This is just conjecture, but, I think a 3800/4L60E combo (what your car came equipped for, even if you've switched it out for a T5 now) would be one of the heavier 4th gen drivetrain options. V8 springs would still likely be stiffer though, just because of the performance.
On the braking front, so, we upgraded the Buick to the same brakes as a '93-'97 F-body uses. With a set of Raybestos ST45 brakes up front (and a crappy pair of drums out back), our car had ridiculously good braking. Easily the best aspect of the car, dynamically. Believe it or not, the Century is lighter than the Firebird from the factory. I don't think we've lost anywhere near as much weight as you, but, they're probably in the same ballpark. Of course, a RWD, 5MT car with +40hp on a FWD, 4AT will carry more speed, but, don't feel like you absolutely have to dump a huge pile of money into brakes for your first race. That setup with a good pair of cooling ducts (also much easier/more effective on a RWD car) provided fade-free braking for our entire race. We did use extremely good brake fluid though (Motul RBF 660). I'm sure we'll want to upgrade our brakes at some point, but, it's very, very low on the list right now.
Semi-Sentient Centenarians
1996 Buick Century - we upgraded our crappy GM sedan with parts from a crappy GM minivan.
"It's got a van motor, a 220 cubic inch plant, it's got van tires, van suspension, van shocks. It's a model with the catalytic converters ripped out so
it'll run good on regular gas. What do you say, is it a racecar or what?" - Blues Brothers, Probably