If you want to run 10's with a close to stock 250 the only way is to go turbo. The catch is you'll have to engineer the system largely by yourself because you're 17 and have no money. However, because you're 17, you are also probably really new to this wrenching business and building a home-brew turbo system will be challenging to say the least.
Oops, wait, you said 1/8 mile, not 1/4 mile. Never mind. Okay, get the header and save up for a dual exhaust and do the electronic ignition like you have planned. Then save up close to $1000 and have your head rebuilt with some mild porting and polishing, big valves, milled for compression, and modified to accept a two barrel carb. Once you get that carb jetted right, you'll be on your way. When your bottom end gives up, do a careful rebuild on your bottom end with the little tweaks that make it better than stock (good balalncing, milled deck, performance cam) and you will be running some nice times.