well the first thing you are gonna want to do is put in a ARC rod. and just keep the same bore piston, but put in a stronger one.
you can get alot of real good parts at any kart shop. go to dyno cam website, the 7x is a good cam, not a modified cam but better that stock. carb, you can get a way with stock appearing carb that will rip. i would net mess with mod a carb leave that to the pros. if you dont millt he head you could give up some compression, but will allow you to get max valve lift. if you are gonna miodify a briggs flat head you will definalty have to have the exhaust lifter bore reinforced. like a i said a good kart shop can do it.
pm me and i can recommend some, for parts etc.