IMO 4:30s are too much, but I know there will be someone come in here behind me and tell me i'm dumb. Gears are preference. Do a search and you will find everyones opinions on the different gear ratios. Most people do 3:73s or 4:10s, and some do higher... The heads arent necessarily a con on this motor, but your options for power adders or different intakes are better with a later (c head) setup, gen1 are B. Stock for stock, most people believe a Gen1 is always faster for many reasons. Weight being one factor and tuning, because the gen2s got a little bit cushier.
One benefit of a 93 is your car has a 1 peice driveshaft, everything after 93 has a 2 peice. This is good because if you go with a higher ratio gear, you have less chance for vibration. Most M8 owners want a 93 drive shaft.
Good Luck, you found a good resource for info in this forum.