I have been tracking my 944S2 in basically stock configuration since 2001. The only modifications I have are:
- Performance brake pads and fluid
- Upgraded sway bars
- Race seats, harnesses, rollbar
- Fire extinguisher
I run in the upper run groups, and though I'm not the fastest one out there, I'm pedaling that thing as fast as she can go!! Of course, with the McPherson strut design, there's plenty of body lean - so I just tape up my door handles and side mirrors to minmize the scraping! (Just kiddin')
There are benefits to sticking with a stock or mostly stock car. Most importantly, you will become a better driver sooner - you don't have horsepower or suspension to mask your mistakes. Blow a corner in a stock car, and you'll pay for it the rest of the lap!
Another benefit is the ego brusing you will do to others.

Once you start keeping up with, and passing highly modified and setup cars, they will need an excuse as to why you got around them. If they pass you, on the other hand, you need not worry about excuses!
Paramount are two things:
1. Keep up with routine maintenance religoiusly. Better to spend $$ on properly maintaining a stock car, than spending $$ on 'go-fast' goodies, only to find that your weekend is ruing becuase of maintenance negligence. If you've got a 1000hp car with a failed CV joint, a stock car will pass that car alot, since the 1000hp car will be sidelined in the paddocks!
2. Don't skimp on safety items. (BTW: Performance brakes can be considered a safety item)
Most importantly - have fun out there!
-Z-man.