KB.
What gears do you have in the rear?
Also, all you need to do is buy the 2.95 gearset and rebuild kit from D&D Motorsports. Assemble this kit, and you will have what's know as a "World Class" T-5. I have seen several cars that ran repeatable 10's with World Class T-5's. Plus, it's much more afforable than getting a whole new tranny, and you wont need driveshaft spacers, a fox body bell housing, or anything like that, because you can use your normal input shaft (which is 5/8" longer than a foxes, which is why you would need the fox bellhousing and spacer on anything with a fox length input shaft)
Honestly, I think there's something up with your drivetrain that's causing a lot of parasitic loss, or the fact that you are just spinning so bad. If you really think about it, if you spend the first 300 feet spinning and not accellerating, then you are basically starting the run at the 330 mark. That is why your mph, and ET will be poor.
I've heard and seen several cars with heads, intake and cam packages, and 3.73's - 4.10's that are making 5-20 hp less than your car run 12.80's- 12.60's. It's totally possible. however, you REALLY need to keep in mind that you have a roots blower on your car, which means that you have instantaneous torque at your command. 390ft. pounds if I recall. That's a lot of torque. That same amount of torque would be produced by a N/A motor making about 425-450 hp, depending on the size.
Torque is what spins your tires and makes you accellerate. HorsePower is actually just a numerical derivative of torque, it's totally useless generally, all HP will do is keep you moving after the torque has gotten you moving.
What are your shift points?
Also, it's not like you ran 13.99, or 13.59 or anything, you ran 13.02, that's pretty freakin close. Just give it time, and work out how to best drive your car based on it's power.