I don't think "overkill" is possible, we can't get enough fuel for that... . arrr

Anyway, is the truck completely stock? Auto or manual trans? Here's a general progression of bomb's:
GAUGES FIRST!
bigger exhaust (loose the muffler, just my preference

)
more intake airflow, ie K&N, BHAF, etc.
16cm exhaust housing
tweak the pump
install bigger injectors
tweak the pump again and advance timing
These are easy and not too expensive. If ya wanna go further, then there's always auto trans mods, an NV4500 swap, new cam, a PDR HX35, and of course a nice set of STACKS!!
As for rear wheel horsepower, I think that 130 or so is stock, 180 is no problem, 200-280 with injectors, 300 with "wildman" tweaks
Sean