i'd probably go for A. cant see you getting air bag suspension, respray and 19's for 3 grand as you'd probably need some kind of body work to get the wheels up in the arch to justify having airbags.
i'd get the wheels, drop it and spend whatever else on the engine (like everyone said above if its a 20vt)
a standard car slammed looks way better than any bodykit un-slammed, so the bodykit can wait