Ok.... despite how it sounds, I'm not being mean. Forget what you think you know about cars, you're about to get learned the fun way. The 3800s don't play by typical rules, they break whatever they feel like breaking if they feel like making your life hell that day. They are very particular and finicky but with time and knowledge you can maintain one right and it will last and be very solid.
400hp will mean you're pursuing a turbo build, VERY few supercharger builds have made 400whp and they had more money thrown at them than was worth it. If you want high hp you need to go solid turbo and you need to break the bank on a properly built auto tranny or you will have to go with the getrag 5-spds and swap one in.
Also 14-20lbs will not happen if you stay supercharged, proper flow won't allow for it without cracking pistons, 12lbs is the sweet spot on these cars. Again, turbo if you want high boost.
Regardless, you need to pick and path and learn the most on what to do to save yourself a hassle and ton of money.
For starters, read these so you know what to look for on fixing yours up, and a good basis for modding. Don't skim them, read multiple times, bookmark them, learn.
http://www.grandprixforums.net/ultim...0-a-49055.html
http://www.grandprixforums.net/safel...0-a-67580.html
http://www.grandprixforums.net/97-03...ems-60802.html
Also, if you register at GPONA.com they have a link to GM Service Manuals that could be helpful if you get in a tight spot.
Best of luck and Welcome to the club.
BTW Make a Members Ride thread so we can share in your trials and tribulations. And take lots of pics!!!