The bike should have ample power and handling to be more than competitive as is.
I would suggest the following (if you haven't already done so)
Braided stainless steel lines for the front brakes
High quality brake pads (prefer DunloPad (DP) HH+)
High quality tires. I'm partial to the Michelin Pilot Powers, but the Dunlop 208GP and Pirelli SuperCorsas seem to be in very common use by the other racers etc.
Full suspension setup. Even if you don't replace the rear shock (though it will make a difference) having the forks and rear adjusted to your weight & riding style by a pro will make a world of difference. Fast lap times are set in the corners, not on the straights
Gearing. Adding a larger rear sprocket will help acceleration and drive out of a corner. Inexpensive too....
Unless you are planning to race formally in novice or amateur superbike class, the above mods and some good race schools will have you hunting down most other bikes & riders with regularity.
To put it in perspective: I've just returned from 2 trackdays at Jennings
http://www.jenningsgp.com using my trusty '94 Daytona 900 with the above mods and a Yoshimura 3into1 pipe. 100HP even at the rear wheel on the dyno. A bike that's several generations old and 100+lbs heavier than most other bikes on the track.
Heck, a rider that's 100+lbs heavier than most on the track.
Track record: 1:15
Pro/expert class lap times this weekend: 1:20-1:25
Intermediate class lap times: 1:28-1:50
Best lap time on the 900: 1:32 running between 1:37-1:40 pretty consistently even with traffic and having a great time picking off new 600s, a few R1s, a ZX-10 and various Gixxers :-)
Ground clearance is now the biggest issue with the bike as I'm hanging off as far as possible and the pegs are still digging in.....
Above all, have fun!!! :-)