I'm new to this too, but from what I've seen the timing chain should be done at 200,000kms (or 120,000miles for you non-metric'ers). I just bought off eBay for mine, got all Japanese parts for $30 and shipping ($20). Seeing as the no-name stuff around here was starting at $145 CDN, and this cost me $65 CDN, I think I did good. The best is Toyota (costs around $200 US, I heard), then Jap made (especially with steel chain guides instead of plastic/nylon), last and very least is US made (I don't know why).
As for power, I've heard that the way to go is a header (LC seems the most popular, but you pay for that), lo-flow catalytic converter (or none if you can get away with it!) starting at around $120 US, and a performance cam (tons of them on eBay!).
BTW: I was at the wrecker I hang out at this afternoon and one of the guys there told me of one of their regulars that has a 22R (no, not RE) that is sitting at 915,000 kms with no problems and no rebuilds. That is 570,000 miles, not bad for a four banger! Don't let the V6 guys give you a hard time about your little engine, it will last forever if treated right (regular oil changes and such).
Hope this helps!
D'mon

"Heaven doesn't want me and Hell is afraid I'll take over!"