I think even with your CAI You'll lose. I got the Sebring as 163 HP and 170 torque and they only weight 2-300 more pounds (31--lbs.). That's a good amount. You'll need a few good mods. With CAI, exhaust, UDP, bored TB, and final drive mod it will be a better race.

MODS:

HRC 16g turbo kit, Spearco custom FMIC, Custom IC piping, VT rebuilt engine: Custom 8.8:1 compression CP pistons, Eagle connecting rods, Melling oil pump, Clevite bearings, 370cc injectors, Vortech S-FMU, Apexi N-1 catback exhaust, AFX UDP, Autometer boost gauge, fuel pressure gauge, EGT gauge, Corbin's digital A/F gauge, Tokico Blue shocks, Tein springs (1.5" drop), 18" Konig Verdicts rims, VIS stock-style Carbon fiber hood