Things that will help with knock are
Better flowing exhaust. Start at the front exhaust manifold, Ubend and 2.25" baby piping that W bodies came with. (2.5" on the H's..lol)
Consider a set of rockers or a cam.
Heat going into intake, a Gen V helps that out very nicely.
Tune
Now if you still want more power, start dropping pullies because then you have a solid setup to handle the pulley drops better than simply swapping a different one on.
Cheap isn't something it's going to be if you do it right. However I'd start off by letting that fresh octane bring the timing tables back up to par before you jump into mods. Maybe fuel is all you needed, maybe you chipped a piston and your first mod will be new motor.