Howdy Bridgemutt and All:
That's a nice blue Pony. It's hard to answer your question about how much a later head will help, all by its self, because to make the most of the upgrade to a later head almost alway includes some additional modifications to the newer head. Proper done, to take advantage of the larger intake valves and added flow capabilities, and all else the same, I'd guess an increase of around 10%. Now, if you were to also add a later DuraSpark II ignition, properly recurved, a better carb, and improved exhaust the increase would increase.
When shopping for a donor vehicle, also look for the complete DuraSpark II ignition system which will include the distributor, Plug wires and spark plugs, coil, module and the wiring harness that links all the pieces together.
My recommend on the head is to first find the head you want, then get it to a quality machine shop for a good rebuild/valve job which will include a mill cut of about .070", depending on what head gasket you use, a three angle valve job with a 30 degree back cut on the intake valves. When the head is ready make the swap. Your down time should only be a day or two to complete the head swap.
Next will come the carb upgrade. How important is a stock appearance to you?
Hope that helps to get you started. Keep us posted on your progress.
Adios, David