Phil,
The problem as I understand it, is that ignition settings/advance curves/fuel flow etc is controlled by the chip......
....however, with an NA, there are only small windows of variables, as the limiting factor is how much air you can force into the cylinder - obviously, with a forced (turbo or supercharger) induction, then there are far more options - as the first thing you need to do is increase the 'charge' in the engine.
The limitations are:-
Intake (port/polish?)
Inlet cam (can be re-ground to give more power, but you may not like the way it runs at low revs)
Injectors (more than up to the job)
Valve size (not easily changed)
compression ratio - (new pistons?)
Exhaust cam (as inlet)
Exhaust pipe.
As a general rule, to get more than 100BHP per Litre of capacity with an NA aint easy, and it will leave compromises in the drivability......
....as such, you are unlikely to get more than 160BHP from this engine (158?)
As it is already about 130, the indication is that most of the development has already been done, and any future gain will be costly, and small
As a guide, with a Triumph sprint engine, it comes out of the factory at 130 bhp......... you can bolt on carbs and cams and get it up to 185 bhp for little effort, but a few quid..... to go to 200 bhp you would need parts made (special cam grinds) ....... to go beyond that it is labour intensive (75 hours of pollishing on the head alone, for 15 bhp!!!!).... to get a Group 2 race engine (approx 235 bhp), i can build you one, as i can get the parts, but if you drive in the car, and drive it out again, you'd better have a big cheque book and a long lead time..... last one i did took 7 months (spare time), and the bill was over £7K
Could have stuck a Vauxhall/Ford lump in with a turbo, and spent about a grand for the same end result.