LCJUTILA,
Hard to clarify exactly how to answer so sometimes it is easier to just say "How much do you want to spend?" Bigger valves help quite a bit as does basic porting but "race" size porting will actually hurt streetability quite a bit.
My 64 MGB has a Dave Headley built engine that should put out about 120hp,,,,,,,now to get there it has a nicely ported head, nice "rally" grind cam with new followers, new pushrods, re-bushed rockers and a hardened rockershaft, adjustable cam gear, then there are the JAE forged pistons with the compression set at about 10.5:1 and,,,, it is breathing through a Weber DCOE45 on a TWM intake that is all port matched to the head. Ahem,,,, a few bucks
Relieving the valves in the chamber is a whole kettle of fish too but not really important for a street motor because that is typically a mod done for motors breathing upwards of 7500rpm, cool yes but not driveable for the street because the cam required to make power there would agravate the hell out of you around town.
If you search Classic Motorsports magazine there was a very nice article on doing a freshen up and cam change to an MGB. I believe it was a 73 or 72 MGBGT but the point was a fresh head with just some mild "cleanup" porting and a performance street cam produced 20-25 hp more and drastically reduced the 0-60 times for the car.
If it were my MGB that was a nice running example i would tear that head down and simply cleanup the porting, see Vizards book, have a machine shop do a nice three angle valve job and set it aside for the motor. Take the head off your motor, check your bores and pistons for wear and order correct rings, light hone the walls and re-install the pistons with new rings. Yank that stock cam and lifters out and intall a QUALITY cam and lifter kit like a Kent 276. learn how to time the cam correctly and set it per grinders spec either with offset keys or a vernier sprocket and timing chain set.
Obviously this is very abbreviated but the point is if the motor runs well but is perhaps a little tired, has decent oil pressure etc, just a freshen and new perf cam can really bring her back to life.
And,,,,,,
if you have a spare 5-6 grand laying around,,,,,
just do what i did and crazy,,,,, only live once right?