Try the information posted later in this thread:
http://forum.bmwboard.com/forum/showthread.php?s=&threadid=250
To sum up:
Driving schools before mods.
Tires, wheels, brakes, suspension before engine/exhaust/intake/cams/turbo/SC.
The increases to the non-vanos 92 will not be as great as the 93+ single vanos cars (explanation in above thread).
I would say that the most you could hope for with a chip, intake, throttle body, and exhaust would be 210 hp/210 ft/lbs, and some would say that is too high. Cams can give you more power, say perhaps 220 hp/ft lbs with other mods, forced induction kits usually run around 270 hp/250 ft/lbs.
These are just estimates, you really have to dyno the car stock and after every mod to know for sure.
Keep in mind that if you do dyno the car, the power numbers will be approx. 15% lower than the manufacturer or tuners quote, because they are talking about horsepower at the crankshaft, and the dyno will measure horsepower at the wheels, which is less due to friction loss from the drivetrain, etc.