If you want to run an 11.99 you can run drag radials and stock suspension.
If you want to run low 10's or high 9's with 700rwhp I would run slicks and look into adjustable shocks.
I haven't done better than a 1.66 with my 5th gen but in the 4th gen days went 9.4@144 on a 1.35 with 680rwhp.
PROJECT HEAVY CHEVY
Camaro Now: Mods for the Masses Part I
| Part II
13.15@106 1.95 | 100% Stock
12.37@112 1.85 | Headers, Cats | 555R DR | CAI | UDP | Tune
12.06@113 1.70 | +NT05R 18s | + Circle D 3200
11.84@113 1.59 | + 3.91s | +Race Star 17x7s
Mods: GPI Tune | Bo's PTB | Kooks LTs | Hooker Maxflows | Circle D 3200 | New Era OTR | RCR AirRam Manifold | Powerbond UDP | 3.91s