You will need an aftermarket ECU.
Cams will not do much unless you have the heads done up.
Other mids...
I would do coil on plug, not much power, but a good investment. Headwork and new cams will be the biggest help.
On the heads (which are the biggest problem with the engine it seems), clean up the bowls and ports, and unshroud the valve stems. I would also consider tapering the valve stems, and using VW lifters. Then go with Megasquirt or another ECU, raise the rev limit to no more than 7500. Could also raise the compression a full point and switch to a single row timing chain. I would also go for a lightened flywheel.
Not 100% sure, but you should be good for 180-190hp. Maybe more if you do it all right.
Unfortunately, you are probably half way to a Metric Mechanic built motor by this point. Pistons are the best spot to save costs, leave the stock 1.9 bottom end.