In reply to nderwater and kreb:
First off, the weight distribution change of an LSx and T56 isn't as bad as you think. You're replacing a heavy iron-block engine with one of the lightest all-aluminum V-8s out there. The T56 and rear diff add considerable weight, but they're not at the front of the car. The rearward-mounted position of a V8 Miata puts the engine's midpoint right at the front contact patches. We're not talking Audi engine-placement, here.
The driver sits a bit further back in an Exocet, but yeah, the only way to balance it out would be to extend the motor mounts back a little. As far as "improving" the weight balance, you really need to consider what you want out of it. In a car with this power/weight ratio, I WANT a bit of front weight and more polar moment to make it more forgiving and to get some heat in the front tires. 430hp gives you a power-to-weight ratio of 3.2 lb/hp, which is better than a McLaren F1. That is the equivalent to putting 850hp in a C6 Corvette. Any way you look at it, you're going to have wheelspin on demand with those numbers.
Ultimately, you have to decide what kind of car you want out of this. The Exocet is not a car designed for the numbers, it's a car designed to be fun and predictable. Yes, you can be faster with more rear weight bias, but the car will not be as "chuckable" or fun. We're not making a formula car, we're making a giggle machine. Cheap, effortless, natrually-aspirated, controllable acceleration is my definition of fun. I've driven rear-biased cars with high hp/weight ratios, and it's a balancing act more akin to work than fun. If you want to tear apart everyone at the track, you'd be better off with buying an older formula racecar or an Atom 500.
I did a little bit of math to figure out where we're at with a 53% front-weight LS3-powered Exocet. (That's my math for a worst-case scenario, I suspect it will be a bit more rear-biased than that). With F-Body T-56 ratios and a 3.23 rear end, you're traction-limited all the way through third gear. That said, the acceleration is 0.77g!. You can launch in third with no problems. 0-60 is 3.5s, 0-100 is 6 seconds, and that's on regular summer rubber. Hoosier R6s at a longitudinal traction ratio of 1.4 would get you 0.90g of acceleration. 0-60 would be 3.0s, and 0-100 would be 5.0s.
Here's my math: https://docs.google.com/spreadsheet/pub?key=0AvUlKfewYcCNdEZXdGFYUnZWT1NhQlhuOTg2SHhnbFE&single=true&gid=4&output=html
Do you really need more traction than that? Personally, 0.77g is more than enough grip for me. If you want to accelerate harder than that, you can add weight to the rear end. 100 extra lbs on the rear gets you to 50% front, and a 200lb passenger gets you to 51% front. With that extra 100 lbs on the rear, you'll be right below the limit of traction in third gear and be able to accelerate up to 0.82g. The difference between 0.77g and 0.82g is very tiny, and handling of the car would be worse with that extra rear weight. Acceleration times would not change.