So many folks want to stick some jets in and start running alky. There is so much more to it. As stated above, you need monster jets and monster compression to run alky. I have friends that wonder why I don't, and the reason is simple. Wulf hit the nail on the head. Alky is a pain in the butt if you're not racing. I'm not willing to break down my motor and "freshen" it up as often as would be needed. I have a 20 over rod, a ft piston, and I'm using the 14cc head, and I run pump gas. It's fine.
I agree, you need to swap gears. If you're running a good racing clutch, it should be as simple as buying a new sprocket for the clutch. I'd go with 10 or 12 tooth, but that's just me. If you're running a cheap clutch and trying to drag race, invest in a good clutch. Most people don't realize how expensive it is to build a solid race motor. They also don't realize how much work goes into maintaining one. You can build a strong, fast motor without going all out. As recommended above, swap out the high octane stuff for pump gas and swap gears. You'll feel a lot more out of the whole.
Let me say, I'm not a drag racer. I've never even taken any of my motors down the strip (I just really enjoy building these little motors, and I have fun running them around the neighborhood and at the campground with buddies. It seems to me that with your current gearing, you may not be reaching your motor's full potential before the race is over. What kind of rpms are you turning at the end of the strip? I'd think you'd need more room to get them to where they need to be.
Good luck. Let us know what swapping gears does for you. I think you'll like it!